Skip to main content

Proceeding contribution from Lord Mandelson (Labour) in the House of Lords on Wednesday, 22 October 2008. It occurred during Ministerial statement on Small Businesses.


Small Businesses

My Lords, I accept that suggestion; it is a good idea. Indeed, one aspect of access to EIB funding was whether the EIB would be able to extend funding not just to the main lenders, the main banks, but to smaller financial institutions, in which I include venture capital companies. Obviously, I cannot commit them; it is not my job to do that, but I think we can have a discussion with them because I am aware from time back of the important role of venture capital companies. If they can be used as vehicles for lending more extensively to SMEs, we should certainly look at that.


Secondary information

Type
Proceeding contribution
Reference
704 c1153-4 
Session
2007-08
Chamber / Committee
House of Lords chamber
Subjects
Bank services Banks Billing Finance Loans Lloyds TSB Small businesses Halifax Bank of Scotland Royal Bank of Scotland
Link
View this Proceeding contribution on www.publications.parliament.uk