SMALL and medium-sized businesses (SMEs) are being asked to provide the Government with evidence of their difficulties accessing finance.
SMEs, banks, industry representatives, regional agencies, venture capital experts and academics are all being asked to provide evidence on access to finance for the Rowlands Growth Capital Review.
The review will determine if Government intervention is needed to ensure adequate finance will be available to firms as the economy improves.
Historically, the period immediately following a recession is when SMEs find it most difficult to access longterm growth finance.
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.”
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 July 17. To contribute, visit the Department for Business, Innovation and Skills website at berr.gov.uk/files/file51817.doc
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