Angela Smith
Main Page: Angela Smith (Liberal Democrat - Penistone and Stocksbridge)Department Debates - View all Angela Smith's debates with the Department for Education
(13 years, 5 months ago)
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The Parliamentary Under-Secretary of State for Business, Innovation and Skills (Mr Edward Davey)
The Government are keen that banks should behave responsibly towards businesses, charities and social enterprises, and we continue to work with the banks to achieve that. For example, we are working with them to revise the lending code for micro-enterprises and we are publishing lending principles for medium-sized and larger businesses. We will continue to hold banks to account when they act unreasonably, and my officials will raise this matter with RBS.
Angela Smith (Penistone and Stocksbridge) (Lab)
In a letter that I received this morning from the Secretary of State, I was told that the funding for AgustaWestland
“has been provisionally allocated under the capital budget of the department over the Spending Review period”,
whereas the Sheffield Forgemasters loan was cancelled in June because its funding had been allocated during the current financial year. I thank the right hon. Gentleman for the speediness of his response, but as the Forgemasters loan was the only BIS investment that was dropped in June, why can it not be picked up again and allocated in the period of the forthcoming spending review?