Real help with lending and advice for local businesses
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Date: 14 Apr 2009
Business Minister Ian Pearson today urged local companies to
take advantage of Government-backed support on offer to help them
through the economic downturn, at a regional lending roadshow in
Mr Pearson said Government action is increasing the lending
available from the banks and easing cash flow pressures by allowing
businesses to delay payment of taxes and business rates.
The regional roadshows bring together Government Ministers,
representatives from the banks, small business owners and experts from
the Business Link advice service.
Businesses will be able to raise lending issues affecting
their companies and will be given information and advice on sources of
additional lending and support from the banks and Business Link
Business Minister Ian Pearson said:
"Today's meeting brings banks and businesses together to
improve understanding of the pressures on business, and the support
banks are able to provide.
"I know that many local businesses are feeling the pressure,
as cash flow has become tighter and access to credit has been squeezed.
"The government understands the vital contribution businesses
in the North West make to the UK economy. That's why we have taken
decisive action to get credit flowing again and why it's crucial that
businesses understand what support is available to them from banks and
the government, and how they can access it."
Executive Director for the NWDA Mark Hughes said:
"By bringing banks and businesses together for this series of
events across the Northwest, we aim to improve mutual understanding of
the pressures businesses are dealing with and the support that banks
are able to provide. At the same time the events will provide an
opportunity for us to discuss what Government is doing to make more
lending available to businesses in the Northwest."
1. Information on the Government's "Real Help for Businesses"
support package is at: http://www.businesslink.gov.uk
2. More than 11,100 businesses in the North West have deferred
VAT and other taxes worth £188m from November to the end of March.
Under the "Time to Pay" scheme, HM Revenue and Customs agrees
businesses can delay VAT, Corporation Tax and other taxes to help them
with short term cash flow difficulties.
Figures for taxes deferred in the North West by region area
Region Total Cases Total £m Value
Blackburn with Darwen 190 4
Blackpool 250 3
Bolton 380 7
Bury 300 4
CHESHIRE 1500 27
CUMBRIA 1110 12
Halton 130 2
Knowsley 140 2
LANCASHIRE 2000 30
Liverpool 510 11
Manchester 550 12
Oldham 300 4
Rochdale 290 6
Salford 310 9
Sefton 360 6
St. Helens 200 4
Stockport 570 10
Tameside 280 3
Trafford 540 13
Warrington 350 4
Wigan 430 9
Wirral 430 6
3. Nearly 40,000 companies have had a free 'business health
check' from Business Link since October, including nearly 3,351 in the
4. Today's meeting is one of nine regional lending roadshows
taking place in the West Midlands, East Midlands, North West, North
East, South East, South West and Yorkshire regions. Further information
about the roadshows is available from the BERR press office on 0207 215
5. The Greater Manchester event is being held at the Digital
World Centre, Salford Quays at 12.00pm.
6. The Department for Business Enterprise and Regulatory
Reform helps UK business succeed in an increasingly competitive world.
It promotes business growth and a strong enterprise economy, leads the
better regulation agenda and champions free and fair markets. It is the
shareholder in a number of Government-owned assets.
About the Author
© Crown Copyright.
from the BERR-
Department for Business, Enterprise and Regulatory Reform replacing DTI
- Department for Trade and Industry. Reproduced under the terms and
conditions of the Click-Use Licence.
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Article Published/Sorted/Amended on Scopulus 2009-04-14 18:46:23 in Business Articles