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Plaid Cymru: State bank should plug funding gap for businesses

A state bank should be set up to help struggling businesses, according to Plaid Cymru.

Last week the Welsh government launched an independent review to examine access to business funding in Wales.

Plaid Cymru says small companies would do better if there was a state-owned business bank along the lines of regional banks that exist in Germany.

Former MP Adam Price is co-chair of Plaid Cymru's economic commission.

He told the BBC's Welsh affairs editor Vaughan Roderick that when the private sector is failing it is right for the state to step in.

  • 20 Jan 2013