Jimmy Harte (Labour)

I thank the Minister of State for the support he has shown to the small business environment. It is important for those who want to start businesses that credit is made available. Businesses that wish to expand also require credit. We must help the small business sector to maintain the 700,000 jobs it provides at present if it is to generate further employment. This Government is giving small businesses a foot up.

At present a business that comes up with a good idea for expansion it hits a brick wall when it seeks credit from its bank. The bank manager may know the company is viable but lending policies are tied up with red tape. This Bill will give businesses an opportunity to expand, which will result in more people paying taxes and fewer on the live register. That is a win-win situation for everyone in social and economic terms.