- July 6, 2009
- Posted by: OIA Admin
- Category: Industry News
Small and medium sized businesses, banks, industry representatives, regional agencies, venture capital experts and academics were today invited to give evidence to 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 small and medium sized businesses find it most difficult to access long term growth finance. It 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.”
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.
This review is one of the first measures to be taken forward from the Government’s ‘New Industry, New Jobs’ strategic plan for Britain’s recovery.
To contribute evidence 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