Small firms at the heart of economic recovery, says Vince Cable

Vince Cable comments on the vital contribution of small businesses to the future of the economic recovery.

Posted at 07:33 on 01/11/2010

Speaking at the HSBC’s 2010 Start-Up Stars awards presentation ceremony at London’s Dorchester Hotel, Cable likened the events of 2008 to “an economic heart attack” and applauded the resilience of many small firms throughout the difficult conditions.

Small businesses will be the drivers of economic recovery.

“The truth is that if the British economy is going to recover, which it will, it is the small-scale enterprises that will drive it,” he said. “And they have got to have access to credit in order to do so.”

Cable said. “One of the wisest things that anyone said to me was that the last thing a small business wants is to be small – they want to grow and become a big business.”

 

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