Jake Berry
Main Page: Jake Berry (Conservative - Rossendale and Darwen)Department Debates - View all Jake Berry's debates with the Department for Education
(13 years, 7 months ago)
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James Morris (Halesowen and Rowley Regis) (Con)
8. What recent representations he has received on access to finance for small businesses.
Jake Berry (Rossendale and Darwen) (Con)
9. What recent representations he has received on access to finance for small businesses.
Jason McCartney (Colne Valley) (Con)
15. What recent representations he has received on access to finance for small businesses.
Jake Berry
Small businesses in my constituency, which includes some of this country’s leading manufacturers, are reliant on credit insurance. What steps are being taken to ensure that such insurance remains available to them?
Mr Prisk
My hon. Friend is right to raise that issue, which he has discussed with me in the past. This is a particularly acute problem for those in the construction sector. We have sought assurances from the principal insurers in this area that they have now put in place for the coming year a sufficient risk capability, and they have given us those assurances. As with the banks, we will be closely scrutinising this to ensure that what they have said they have done is implemented in the coming months.