Cutler's doubts over new finance body
THE Master Cutler has questioned the effectiveness of the new UK growth capital fund, as revealed in the Budget.
The Government said a new body, UK Finance for Growth, will oversee the development of the Government's 4bn-plus stock of finance schemes for smaller firms.
James Newman said: "I am quite sceptical about national investment organisations – I don't think they are focused enough on regional requirements. They tend to be subcontracted out to fund managers who are not necessarily based in the region.
"I am not sure how well it works for larger investments."