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Credit Union For Small And Medium-Sized Businesses

EDM number 1160 in 2009-10, proposed by Linda Riordan on 23/03/2010.
Categorised under the topic of Financial institutions.

That this House calls for the establishment of a credit union for small and medium-sized enterprises in local communities to help sustain such businesses as economic recovery begins; notes that such a credit union would help free-up access to borrowing for companies with any cash flow problems; recognises that the aim of this would be to provide a financial instrument that could assist these companies to survive until better times; further calls for the establishment of locally-funded and locally-managed investment banks to spread the risk of each company's cash flow needs; further calls for such a resource to be run and managed in the way that existing credit unions tackle doorstep debt with the aim of protecting jobs; urges the Government to back such an initiative in support of the existing help it has provided for companies like the Enterprise Finance Guarantee and the Capital for Enterprise Fund; and suggests that such a model could be tested out in selected communities including Halifax and if it proves to be successful rolled out to other parts of the country.

This motion has been signed by a total of 37 MPs.

Linda Riordan23/03/2010HalifaxLabourProposed
Jim Dobbin24/03/2010Heywood and MiddletonLabourSeconded
Jimmy Hood24/03/2010Lanark and Hamilton EastLabourSeconded
David Lepper24/03/2010Brighton, PavilionLabourSeconded
Gordon Prentice24/03/2010PendleLabourSeconded
Ronnie Campbell24/03/2010Blyth ValleyLabourSeconded
Ken Purchase24/03/2010Wolverhampton North EastLabourSigned
Alan Simpson24/03/2010Nottingham SouthLabourSigned
Lindsay Hoyle24/03/2010ChorleyLabourSigned
Martin Caton24/03/2010GowerLabourSigned
David Crausby24/03/2010Bolton North EastLabourSigned
Ann Cryer24/03/2010KeighleyLabourSigned
Andrew George24/03/2010St IvesLiberal DemocratSigned
Michael Weir24/03/2010AngusScottish National PartySigned
Derek Wyatt25/03/2010Sittingbourne and SheppeyLabourSigned
Rudi Vis25/03/2010Finchley and Golders GreenLabourSigned
David Drew25/03/2010StroudLabourSigned
Alan Meale25/03/2010MansfieldLabourSigned
Mike Hancock25/03/2010Portsmouth SouthLiberal DemocratSigned
Nick Harvey29/03/2010North DevonLiberal DemocratSigned
Michael Connarty29/03/2010Linlithgow and East FalkirkLabourSigned
Jeremy Corbyn29/03/2010Islington NorthLabourSigned
Jim Cunningham29/03/2010Coventry SouthLabourSigned
Robert Wareing29/03/2010Liverpool, West DerbyIndependentSigned
Kelvin Hopkins30/03/2010Luton NorthLabourSigned
John Leech30/03/2010Manchester, WithingtonLiberal DemocratSigned
Katy Clark30/03/2010North Ayrshire and ArranLabourSigned
Roger Williams30/03/2010Brecon and RadnorshireLiberal DemocratSigned
George Galloway30/03/2010Bethnal Green and BowRespectSigned
Janet Dean30/03/2010BurtonLabourSigned
Brian Jenkins30/03/2010TamworthLabourSigned
Stephen Hepburn30/03/2010JarrowLabourSigned
Dennis Skinner30/03/2010BolsoverLabourSigned
Tony Lloyd06/04/2010Manchester CentralLabourSigned
Chris McCafferty06/04/2010Calder ValleyLabourSigned
Michael Clapham06/04/2010Barnsley West and PenistoneLabourSigned
Shona McIsaac07/04/2010CleethorpesLabourSigned

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