Jobs and Growth Plan for London (SME Support)

MQT on 2013-05-22
Session date: 
May 22, 2013
Question By: 
Stephen Knight
Liberal Democrats
Asked Of: 
The Mayor


A number of London Boroughs have reduced or cut their support for small and medium sized enterprises (SMEs); will you therefore consider instructing the LEP to act not just as a signposting service, but as a provider of SME support?


Answer for Jobs and Growth Plan for London (SME Support)

Answer for Jobs and Growth Plan for London (SME Support)

Answered By: 
The Mayor

The LEP has set up a specific working group on SMEs which is looking into the role it can most usefully play in London's business support landscape. It does not however believe that there is a lack of SME business support resource in the capital due to significant national Government programmes and a wealth of private sector sources of support and advice. The LEP is therefore concentrating on helping SMEs to access relevant business support, maximising the benefit for London from national programmes, and looking at interventions only where there are significant gaps and market failures.