27. January 2012
I am sure she is very lovely and clearly highly intelligent and successful, but yet again the government has appointed someone into a role that from what I have read, I feel will not be able to help/understand the needs of the real small business person- the micro businesses of 1-5 staff, the ones that are never going to expand into large wealth creating business and may have no desire to be such, but yet remain at the backbone of our economy.
They just want to be successful by their own standards, enjoy what they are doing and have the support of Banks, funders and yes Government, when needed.
Until the Government and Banks realises this is where real support is needed and not just through the Enterprise Finance Guarantee Scheme or Invoice Finance facilities (not suitable for all and does not bring fresh money into a business only accelerates the working capital cycle- and I say that as a major advocate of the service), things will stay as they are.
Business and Enterprise Minister Mark Prisk today announced the appointment of Lucy Armstrong as the new chair of Capital for Enterprise Limited (CfEL).
Capital for Enterprise Limited is the company which advises the Government on the design, implementation and management of finance measures to support small and medium sized enterprises (SMEs) across the UK. It manages programmes that provide around £4 billion in finance to SMEs.
For full details see:
http://nds.coi.gov.uk/content/Detail.aspx?ReleaseID=423014&NewsAreaID=2&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+bis-news+%28BIS+News%29