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15 April 2009: For immediate release
The impact of the current economic and financial situation on businesses in the West Midlands Region
The West Midlands Regional Committee is holding its first formal evidence session in this inquiry on Monday 20 April at 11.30am in The Old Library, The Custard Factory, Digbeth, Birmingham. Those appearing before the Committee are:
Andy Youngman, Area Director, Commercial Banking, Lloyds Banking Group
Steve Cooper, Managing Director, Barclays Local Business Banking
Peter Ibbetson, Chairman, Business Banking, RBS
Maurice Heath, Head of Corporate Banking, Midlands, HSBC
David Beaty, Deputy Regional Commercial Director, Midlands, HSBC
The terms of reference for the inquiry:
The effect of the financial and economic situation on businesses in the region including the effect on different sectors such as manufacturing, service industries etc
How effective Advantage West Midlands and initiatives such as Business Link are being in assisting businesses in the current climate, including helping them to gain access to funding both from Government funding streams and through the banking system
The response of banks and other financial institutions to government and other initiatives to stimulate bank lending and the access of businesses in the region to credit
The role of the West Midlands Task Force established by the Regional Minister in helping businesses cope with the economic downturn.
The role of other Government agencies such as the Government Office for the West Midlands, and of partnerships between Government agencies, local government and the private sector, in providing support for businesses.