Local MP pushes for help for small business
19th October 2010
James Morris, MP for Halesowen and Rowley Regis, spoke in the House of Commons to offer his support to small businesses in the Black Country.
James asked the Minister responsible, Mark Prisk MP, about the steps the Government is going to take to ensure that small businesses get the capital they need to grow. James emphasised the importance of improving access to finance for SMEs and the benefits doing so will bring to the region. He said that it was now a “vital issue” and critical to generating the growth of jobs in the private sector.
Mark Prisk said that James was “absolutely right” and backed his calls for greater lending by the banks. The Minister then went on to say that the Government had extended the enterprise finance guarantee by £200 million to help 2,000 more businesses.
James Morris commented: “Improved access to finance for small businesses is absolutely essential. Developing the Black Country economy and increasing the number of jobs is dependent on small businesses being lent the capital they need to grow. I will continue to press the Government on this issue in the coming months”.