The Labour Party has promised to invest almost £400m over the next three years in the development small businesses through two schemes which will encourage companies to invest through the bond and equity markets.
Among the proposals yesterday announced by prime minister Tony Blair was a proposal which is designed to boost the productivity and innovation of growing small business ventures through additional private and public sector funding. Over the next three years, the Labour Party proposes to “invest more than £380m in the debt and equity markets alongside the private sector through the Small Firms Loan Guarantee and Enterprise Capital Fund schemes” to get capital through to businesses where they can show true return potential. Alongside this proposal, the Labour Party also points out its p...
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