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Credit Where It Is Due

Posted on Dec 13, 2010 by Sandy Finlayson  | 0 Comments

The Government recently published its response to the representations received on its consultation paper “Financing a Private Sector Recovery". Despite all the threats of swingeing cuts the Government appears to have understood the importance of the enterprise economy both to economic growth and job creation. The Government’s response was therefore a pleasant surprise. While the demise of the RDAs has been well trailed, the various Government funding programmes for enterprise appear to have been largely maintained and enhanced with a proposal for the creation of a £1.5 Billion UK Business Growth Fund financed by seven of the clearing banks. It will take time for all of this to filter through to the real economy but as its effects start to be felt it should start to bring about an up swing in the economic cycle. Please follow the link to read the report in full or review the Executive Summary which contains all of the key points. Sandy Finlayson Senior Partner

Credit Where It Is Due

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