§ Dr. TongeTo ask the Secretary of State for International Development what targets are set for the proportion of Commonwealth Development Corporation investment that is used for small and medium businesses. [48868]
§ Clare ShortNo formal targets are set. Finance is provided for small and medium business through financial intermediaries such as venture capital funds, leasing companies, development banks, finance companies and commercial banks. At the end of 1997 the Commonwealth Development Corporation (CDC) had £341 million invested in such sectors and would expect to maintain a substantial commitment.