18 November 2010
George Freeman calls for better ways to incentivise early-stage sources of small business finance.
George Freeman (Mid Norfolk) (Con): As I know the Minister is aware, the highest of the high-technology growth businesses tend to rely for their early-stage finance not on banks but on early-stage investors, angels and family. Will he agree to make representations to the Treasury to look at anything we can do to incentivise such sources of finance?
Mr Prisk: I and my Treasury colleagues are already looking at how to improve business angel finance, not least at how the enterprise investment scheme works. We are also looking to extend a further £200 million in equity funds to the capital enterprise fund.
| Hansard
George Freeman (Mid Norfolk) (Con): As I know the Minister is aware, the highest of the high-technology growth businesses tend to rely for their early-stage finance not on banks but on early-stage investors, angels and family. Will he agree to make representations to the Treasury to look at anything we can do to incentivise such sources of finance?
Mr Prisk: I and my Treasury colleagues are already looking at how to improve business angel finance, not least at how the enterprise investment scheme works. We are also looking to extend a further £200 million in equity funds to the capital enterprise fund.
| Hansard
