Sadik Al-Hassan

Sadik Al-Hassan

Labour — North Somerset

Speaking in the House of Commons on 30 June 2025

Debate

Defence Procurement: SMEs

Contribution

In my constituency of North Somerset, many small and medium-sized enterprises are springing up to support our country’s rearmament efforts. In Nailsea, one such company, 1415 Industries, was recently blocked from opening a business bank account due to blanket prohibitions and excessive delays by retail banks, hindering its ability to organise seed funding and bid for procurement contracts. Will the Minister meet with me to discuss the case of 1415 Industries and the wider problem relating to financial institutions and their interactions with defence SMEs that the case highlights?

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