The LEP's SME programme

Meeting: 
MQT on 2013-05-22
Session date: 
May 22, 2013
Reference: 
2013/1741
Question By: 
Tony Arbour
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

How will the London Enterprise Panel's recently announced £25 million scheme to raise equity or loan finance for small and medium-sized businesses work?

Answer

Answer for The LEP's SME programme

Answer for The LEP's SME programme

Answered By: 
The Mayor

The LEP is seeking proposals for how it could use up to £25m to establish an SME Finance Scheme, including the areas of the market the fund could address, how such a scheme could operate and how maximum additional public and private investment could be leveraged. Based upon the responses received and planned research on this area a decision will then be made as to the likely form and focus for such a scheme and a body procured to set up and run it.