Suffolk chairman of FSB welcomes £300m Business Bank boost

The Suffolk chairman of the Federation for Small Businesses has welcomed business secretary Vince Cable’s announcement of £300m to the Business Bank to help smaller firms unable to access finance.

Chris Soule, branch chairman said: “It is good news that the Business Bank wants to get finance out quickly to the businesses that need it.

“The FSB has long called for more competition in the sector to promote choice and innovation so we welcome the diversity that this institution will create.

“We would urge alternative finance providers to make an application for the funding, and we have several providers here in East Anglia we know the LEP, for example are already working with.”