Speeches sourced from the Labour party’s online archive More…

John Denham MP, Labour’s Shadow Business Secretary, responding to Vince Cable's comments on SME financing, said:

"Vince Cable is right to admit that the Business Growth Fund doesn’t solve the problem of SME financing, as welcome an investment as it is.  The thresholds for both the BGF and the Regional Growth Fund are set so high that SMEs miss out on a huge swathe of potential investment.

"With banks still failing to lend to small businesses, the Tory-led Government need to get on with removing the barriers to finance for SMEs and reduce the thresholds for these major investment programmes."

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