Strapped small firms need action, not talk

ACTIONS, not words, are now needed to help cash-strapped small businesses, which are set to benefit from a pledge by recapitalised banks to increase lending.

Small business group, ISME last night gave a “guarded welcome” to the Government’s recapitalisation plans.

Head of research Jim Curran said a confirmation from the banks that they will increase lending to small firms by 10% is a “welcome start” but he added the Government must act immediate to help firms.