Another initiative that never took off – No surprise there then!
A little while ago I wrote about the tsunami of initiatives by the Government and suggested that rather than creating more “flagship” ideas the Government should focus on creating conditions to increase confidence.
The other day I received an update on the “Homeowners Mortgage Support Scheme” which was introduced by the last Government in 2009. The scheme closed to new registrations in April but not because it was successful. Originally it was suggested that this scheme would help 9,000 borrowers but at the end there were only 60 registrations – (hold on – the housing minister has just confirmed that “to date no payments have been made”).
If you have any ideas how the Government can create conditions to help businesses to operate and develop their business then please let me know and I am happy to publish it.