Oral Answers to Questions Debate
Full Debate: Read Full DebatePeter Bedford
Main Page: Peter Bedford (Conservative - Mid Leicestershire)Department Debates - View all Peter Bedford's debates with the Department for Business and Trade
(1 day, 20 hours ago)
Commons ChamberBusiness confidence was strengthened considerably across the United Kingdom as a whole following the general election and the return to some political stability, which businesses of every size have sorely missed over recent years. However, I hear the hon. Lady’s point about her area and region, which is an important priority for me. I will ensure she gets the meeting she needs, so we can have a conversation about how we can work together to give people in her area a platform for success.
What action is the Government taking to support small and medium-sized businesses in getting access to finance, so that they can grow for the future?
I thank the hon. Member for that question. That is a key issue. There have been positive developments in recent years, particularly through the work of the British Business Bank. The Government feel that the landscape for public finance institutions is now quite busy. The key policy is to ensure that the national wealth fund aligns with priorities in this area, expands the work that has been done, and ensures consistency, so there is a ready way for businesses to understand what can sometimes be a confusing landscape. Also, policies such as that on growth hubs will continue, so the interface for businesses is straightforward and simple, and, fundamentally, the product to access finance will be there when they need it.