Banks: Small and Medium-sized Enterprises
Debate between Lord Flight and Lord Popat
Lord Popat
My Lords, equity funding is within the government department and is currently being consolidated with the British Business Bank, which will obviously be regulated in its equity funding. So will the FCA.
Lord Flight (Con)
My Lords, is the Minister aware of the growing volume of funds being raised under the EIS scheme, which roughly doubled in 2011-12 and look as if they will double again when the figures come through for 2012-13? The Government made improvements to the scheme on coming into office, but it has prospered through both Labour and Conservative Administrations and is now a key source of equity money for small businesses.