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Brown may launch state bank to fund start-up businesses
Gordon Brown has announced his attention to set up a new state-backed bank to address the funding gap for new start-up companies.
The Prime Minister said the proposed bank would, "provide the finance for more difficult and more risky start-ups for high-technology businesses of the future."
Richard Lambert, the head of the Confederation of British Industry, first put this proposal forward last month.
Mr Brown made the announcement while launching a report called ‘New Industry New Jobs', which said that government needed to recognise the impact that decisions on taxation and spending have on the development of British businesses.
Post Date: April 21st, 2009
The Prime Minister said the proposed bank would, "provide the finance for more difficult and more risky start-ups for high-technology businesses of the future."
Richard Lambert, the head of the Confederation of British Industry, first put this proposal forward last month.
Mr Brown made the announcement while launching a report called ‘New Industry New Jobs', which said that government needed to recognise the impact that decisions on taxation and spending have on the development of British businesses.
Post Date: April 21st, 2009
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