A helping hand for business?

The Government has just announced - as if we didn't already know - that it's keen to support British Business. To prove its credentials, it's just appointed Lord Young, the former Trade Minister, to the role of Enterprise Advisor to the Prime Minister - a job that Lord Sugar formerly held under

The Government has just announced - as if we didn't already know - that it's keen to support British Business.

To prove its credentials, it's just appointed Lord Young, the former Trade Minister, to the role of Enterprise Advisor to the Prime Minister - a job that Lord Sugar formerly held under Labour.

But other measures have also been disclosed to the media including the continuation of the Enterprise Finance Guarantee for another four years with £2 billion available to viable small businesses without a credit history or collateral; a further £200 million to Enterprise Capital Funds that supports equity investments in high growth businesses; and this will be interesting to watch, the Government plans to work with the banks on a £1.5 billion Business Growth Fund, mentoring and a new lending code.

Time will tell.
This was first published in November 2010

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