§ Mr. Craigenasked the Chancellor of the Exchequer, further to his reply of 23 February to the hon. Member for Glasgow, Maryhill and his announcement in his Budget Statement of the small businesses venture capital scheme, what provision has been made for co-operative enterprises; and if he will make a statement.
§ Mr. BrittanCo-operative enterprises are eligible for loans under the loan guarantee scheme. They are also, in principle, able to take advantage of the business start-up scheme. But the latter is designed to encourage "outside" investment in the ordinary share capital of new corporate bodies starting up certain trades: it follows that not all co-operative enterprises may come within its purpose or scope.