Sir Alan can

Bank lending to small enterprises may be stimulated by Sir Alan Sugar’s appointment as the government’s Enterprise Champion, The Federation of Small Businesses (FSB) believes.

The FSB had been campaigning for a corporate mediator to act as a go-between for high street banks and small businesses on lending issues, and hopes that Sir Alan will help stimulate bank lending to small firms.
A recent FSB poll showed that 70 per cent of small businesses thought that
such a corporate mediator would help build better relations between banks and small businesses.

“We welcome Sir Alan to his new role and are very pleased the government has heard our concerns over bank lending,” said John Wright, FSB national chairman.