Small Businesses

(asked on 28th October 2015) - View Source

Question

To ask Her Majesty’s Government whether any discussions are taking place about supporting ING Groep NV's plans to expand their small-business lending programme.


Answered by
Baroness Neville-Rolfe Portrait
Baroness Neville-Rolfe
Shadow Minister (Treasury)
This question was answered on 9th November 2015

The government wishes to see a diverse and competitive market for lending to small and medium businesses and welcomes new entrants to that market. We are aware of ING’s recent equity investment in an online lending platform. That is a commercial matter for ING which the government has not discussed with the company.


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