Source · Select Committees · Treasury Committee
Recommendation 18
18
Acknowledged
Consult on making the Growth Guarantee Scheme permanent to provide foundational SME finance support.
Conclusion
HM Treasury and the BBB should consult on the merits of making the Growth Guarantee Scheme permanent, in order to provide a foundational support programme, which can be scaled up appropriately in a crisis. This would build long term security in the accessibility of finance for the SME population and provide a greater level of certainty. (Paragraph 96) Personal guarantees
Government Response Summary
The government states a general commitment to high standards of protection and financial inclusion in the banking sector, but does not address consulting on making the Growth Guarantee Scheme permanent.
Government Response
Acknowledged
HM Government
Acknowledged
19. Banking services fulfil a vital role in the lives of millions of people and businesses across the UK, and the Government is committed to ensuring high standards of protection and financial inclusion across the financial services sector.