David Heath
Main Page: David Heath (Liberal Democrat - Somerton and Frome)Department Debates - View all David Heath's debates with the Department for Education
(10 years, 1 month ago)
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Matthew Hancock
Of course, the economy is growing, jobs are being created and the amount of gross lending is rising, but we are recovering from an extremely difficult situation. We all know what the causes of that were, and many of them came from those on the Labour Front Bench. Turning around our economy to support small businesses, whether through access to finance, support for exports, which are going up, or otherwise, is the Government’s central task. It is a huge job, because we were left in a huge hole.
Mr David Heath (Somerton and Frome) (LD)
It is absolutely essential that we encourage more small and medium-sized businesses to export, but does the Minister agree that the term “SMEs” is often unhelpful? There is a huge difference between the needs of medium-sized and small businesses, and between the range of small businesses, from the largest to single proprietor? Will he recognise those differences and tailor accordingly?
Matthew Hancock
I strongly support my hon. Friend. In fact, as part of our long-term economic plan I am trying to banish the term “SMEs” and instead use “small businesses”. A business with, say, 10 employees is very different from a business with 249 employees, so an end to the acronym “SME” would be a valuable step forward.