Posted by Alex Turner
The new Entrepreneurship Inquiry will help tackle unemployment, finance and skills issues, it has been claimed.
John Walker, national chairman of the Federation of Small Businesses, has welcomed the launch of the All Party Parliamentary Small Business Group Entrepreneurship Inquiry, saying it will provide a discussion platform to explore a range of finance issues.
The Inquiry is to look into why women and mature people are less likely to apply for bank finance.
Reasons as to why small firms still struggle to access finance will also be discussed.
"We have heard for so long that small businesses cannot access finance from the banks, but for some entrepreneurs even approaching the bank is not an option," Mr Walker commented.
"While alternative forms of finance need to be promoted, this needs to change and confidence needs to be instilled in all sectors of society so that they know bank finance is a real option."