Alyn and Deeside MP Mark Tami has welcomed a massive package of support for small and medium sized enterprises.
The Government has announced a package of measures designed to address the cash flow, credit and investment needs of small and medium businesses.
The support package, which builds upon the commitments outlined in November’s Pre Budget Report, consists of loan guarantees and a new Enterprise Fund aimed at helping companies struggling to access finance for working capital and investment.
The Government measures include a £10bn Working Capital Scheme, securing up to £20bn of short term bank lending to companies with a turnover of up to £500m.
It will also include an Enterprise Finance Guarantee Scheme, securing up to £1.3bn of additional bank loans to small firms with a turnover of up to £25m, as well as a £75m Capital for Enterprise Fund to invest in small businesses which need equity.
Mr Tami said: “The primary cause of concern among businesses I have been speaking with is access to credit.
“It is vital that every level of Government acts swiftly and decisively to assist businesses. We cannot sit on out hands or allow ourselves to be complacent at a time that calls for intervention and action.”
Mark Tami
Member of Parliament for Alyn and Deeside
Member of Parliament for Alyn and Deeside
Tuesday, 20 January 2009
Support for Gaza Needed
Alyn and Deeside MP Mark Tami today welcomed the Government’s announcement of a further £20 million to help rebuild Gaza and to provide humanitarian assistance.
Mr Tami said the extra funding would be crucial to help provide food, water, shelter and medical supplies for Palestinians, who have been pounded by Israeli gunships.
Mr Tami said:
“People in Flintshire have been appalled by the violence and suffering they have witnessed on their TV screens during the last three weeks. It is vital that the ceasefire holds, so that the UN can use this latest funding from the British Government.
“Fuel is desperately needed for power stations so that hospitals can function again, peoples homes can be heated and lit, and access to safe water can be re-established.
“It is a shocking fact that while 8 children died in the terrorist attacks of 9/11, some 400 Palestinian children have been killed since Christmas in Gaza. There are reports of war crimes on both sides and I am calling for Israel to allow independent investigators into the region to establish whether charges should be brought against anyone.”
The additional £20 million contribution will be used to allocate funds to emerging humanitarian priorities, making them available to UN agencies and non-governmental organisations working in Gaza.
Mr Tami said the extra funding would be crucial to help provide food, water, shelter and medical supplies for Palestinians, who have been pounded by Israeli gunships.
Mr Tami said:
“People in Flintshire have been appalled by the violence and suffering they have witnessed on their TV screens during the last three weeks. It is vital that the ceasefire holds, so that the UN can use this latest funding from the British Government.
“Fuel is desperately needed for power stations so that hospitals can function again, peoples homes can be heated and lit, and access to safe water can be re-established.
“It is a shocking fact that while 8 children died in the terrorist attacks of 9/11, some 400 Palestinian children have been killed since Christmas in Gaza. There are reports of war crimes on both sides and I am calling for Israel to allow independent investigators into the region to establish whether charges should be brought against anyone.”
The additional £20 million contribution will be used to allocate funds to emerging humanitarian priorities, making them available to UN agencies and non-governmental organisations working in Gaza.
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