Partner Article

Government wants business advice on finance

The government is looking for input from the business community as part of its latest review of the economy.

SMEs, banks, industry representatives, regional agencies, venture capital experts and academics have been invited to give evidence to the Rowlands Growth Capital Review.

The review aims to determine if Government intervention is needed to ensure the availability of finance to UK firms as the economy improves.

Historically the period immediately following a recession is when small and medium sized businesses find it most difficult to access finance, but is also when demand for this type of finance is strongest.

Business Secretary Lord Mandelson said: “Small businesses will play an important role in the recovery of the British economy. These businesses now have the opportunity to contribute to our thinking on the frameworks we will need to put in place for a competitive, thriving market.”

Venture capitalist Christopher Rowlands, who is leading the review, said: “We are keen to hear directly from businesses to ensure our recommendations reflect their needs in an appropriate way.”

The call for evidence is open until 17 July 2009. To contribute to the review, visit the Department for Business, Innovation and Skills website at http://www.berr.gov.uk/files/file51817.doc.

The terms of reference for the Rowlands Growth Capital Review can be found at http://www.berr.gov.uk/files/file51655.doc.

This was posted in Bdaily's Members' News section by Ruth Mitchell .