Belfast Telegraph

Monday 20 October 2014

Experts publish financing ideas

A group of economic and business experts led by a former Bank of England Monetary Policy Committee member is to publish its recommendations into how to free up the flow of finance to businesses in Northern Ireland.

The Economic Advisory Group (EAG) said it has met Enterprise Minister Arlene Foster to update her on the issues and plans to publish its recommendations next week.

"Our analysis is informed by a detailed survey of small and medium-sized enterprises; extensive stakeholder engagement with banks, businesses and government; and builds upon the significant work that has been conducted in this area by others," EAG chair and non-executive member of the Office for Budget Responsibility, Kate Barker said.

"Our analysis provides up-to-date evidence on this issue, specific to Northern Ireland and will allow us to make significant proposals for action to aid businesses access finance."

The EAG also said it would publish an annual report in the coming weeks, which will detail work completed by the Group over the last period in addition to setting out their direction for future work.

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