APA thoroughly supports a call made by the Federation of Small Business (FSB) in its New Year message for banks to return to their "normal lending criteria" and for more competition in the banking sector with additional lending from non-UK banks being made available to small firms."2010 must see the route to recovery," said FSB chairman John Wright. "Small businesses deserve a big vote of confidence and the sector in turn will return the compliment with jobs, guaranteeing a sustainable recovery. 2010 may be a general election year, but for small firms, it will be business as usual as they strive to complete the route from recession and back into recovery."
A Department for Business spokesman said: "We have extended the Enterprise Finance Guarantee for a further 12 months to encourage additional bank lending to viable smaller firms and announced that businesses will be able to continue to defer tax payments to help with cash flow as they prepare for growth. We are working with the FSB to offer up to 10,000 graduates a chance to boost their future employability through internships in small and micro businesses."
Dr. Gareth Osborne, APA Director General and a former member of the Government’s Small Business Council, is an outspoken champion for small business and believes that Government should heed FSB’s advice. “If just one in three small businesses employed one more person then the unemployment problem would be solved." he added.
APA
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