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Press Cycle 20: Enterprise Bank
#11
The Enterprise Bank is the public sector working at its best. By supporting, and cooperating with, the private sector, a public owned investment bank will help create new jobs, new growth, and new prosperity across the country. I look forward to seeing which businesses in Hull North will finally be able to secure funding, which the private sector unleashed by Thatcherism denied.  I’m glad that the Conservative Party, after 16 wasted years, have finally come round to the idea that the public sector has a role in supporting growth; it’s nice to see Labour beliefs being implemented.
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#12
This piece of legislation provides well needed support to Small Buisnesses, but the government nearly managed to mess it up and made it liable to corporate welfare, giving money away from its intended purpose, therefore the Labour Party suggested some obvious, common sense reforms and are happy the government accepted. The government has taken a step forward but it is to little to late for a failing party who are now trying to paper over the cracks for 16 years of poor management of the nation.
Nathon Cowley
Labour MP for Liverpool West Derby (1992-)
Labour Chief Whip (1995-)
Shadow Secretary of State for Energy and the Environment (1995-)
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#13
I am delighted to see the Enterprise Bank getting support from across all parties.

So many good things flow from this bill from giving smaller firms a route to get capital for expansion and growth to the benefits for regional business development. Ultimately, consumers will benefit too as the ideas and innovations of new firms will provide new product and services.

Best of all, the proposals are financially sound and represent good value for the taxpayer. This is a long-term policy that will provide benefits for the current and future generations of entrepreneurs.
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Mrs. Margo Leadbetter
Home Secretary and Secretary of State for DEFRA
Conservative MP for Surbiton
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#14
One of the bill’s most overlooked aspects is in its offering to regional businesses and entrepreneurs. It is no secret that it is typically far easier to access capital and investment if you’re based in London or one of the other major cities in the UK, but with the accession of this bill the imbalance between city and rural firms will be redressed. The barriers to capital for good businesses can begin to be torn down, and this is good news for everyone. It’s no wonder that MPs on all sides are now praising the investment that will be brought to their communities.
Dr Lucy Robert
MP for Canterbury
Chancellor of the Exchequer
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#15
It’s worrying that just as Labour begin to adopt our economic policies, the cracks within the party start to show. For all the hubbub about moving towards being an ‘economically capable’ party, we’re now seeing prominent opposition MPs turn around, only to slate the foundation of what they are now adopting in ernest. The only consistency they offer is to praise our bill. In fact, they’ve hit the nail on the head - the creation of our Enterprise Bank is “the public sector working at its best”. Kudos to them, it can’t have been easy to admit.
Dr Lucy Robert
MP for Canterbury
Chancellor of the Exchequer
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#16
It’s fine to talk up ones party’s achievements and contributions, but when this turns into a faux pas ‘crusade’ for credit, based on nothing more than two self confessed ‘technical’ amendments, it’s frankly a little embarrassing - and a whole lot misleading. I appreciate Labour’s amendments to our EB bill: they offer a number of minor, but useful additions to it, though in reality little more than that. It is our bill, and our plan; and as the opposition have rightly noted, it “provides well needed support to small businesses”.
Dr Lucy Robert
MP for Canterbury
Chancellor of the Exchequer
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#17
Closed.
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#18
This is hard to mark in terms of an overall winner. Politicos know that this is a Labour-type proposal that the Tories nicked a la George Osborne and the Living Wage, but equally they know that Labour only amended because they knew they couldn't really do anything else, so everyone comes away looking a little disingenuous to the political classes. The small business owners don't care though, they love the Government for giving them money and they love Labour for making the Government give them all the money. On balance the only absolute certainty is that the Liberal Democrats lost this cycle for being MIA with career-defining performances from Edwards and Dr. Robert as they gear up for the new budget season. The end result is really a toss-up with barely a sheet of A4 between both parties which probably suits them both just fine in the long run.

XP for Diana Edwards
XP for Lucy Robert
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