Early Day Motion 1456 supporting an APR4SMEs

Following on from our write up of increasing political support for an APR4SMEs, the campaign has received a further boost in the UK parliament.

Yesterday, Helen Goodman MP (Labour, Bishop Auckland & a member of the Treasury Select Committee), sponsored an APR4SMEs Early Day Motion in the House of Commons, including 5 cross-party sponsors (of which 2 are fellow members of influential Treasury Select Committee). The motion reads:

“That this House acknowledges the value of small and medium-sized enterprises (SMEs) to the UK economy; notes that SMEs often have difficulty in securing fair and transparent lending rates; and calls on the Government to require lenders to provide an Annual Percentage Rate on any finance they offer so that SMEs can make informed choices.”

We expect this positive development to attract further media coverage in the coming days. The more MPs that support this, the better - so why not write to your local MP asking them to support the Early Day Motion and an APR4SMEs.

James Sherwin-Smith

CEO at Growth Street