Lending to small businesses

Meeting: 
MQT on 2012-09-19
Session date: 
September 19, 2012
Reference: 
2012/2420
Question By: 
Jenny Jones
Organisation: 
City Hall Greens
Asked Of: 
The Mayor

Question

Will you ask banks tendering for banking services for the GLA group about their track record in lending to micro and small businesses?

Answer

Answer for Lending to small businesses

Answer for Lending to small businesses

Answered By: 
The Mayor

Written response received 25/09/12.

All of the GLA Group's procurement activity, including the procurement of banking services, has to be undertaken in compliance with relevant EU and UK legislation (i.e. procurement law, employment law, and relevant EU Directives).

When re-procuring its banking services, members of the GLA group will set out a number of questions to be assessed using pre-agreed evaluation criteria.