Chorley CitizenBank of Vince has strong echoes of East Lancs entrepreneur’s Bank of Dave (From Chorley Citizen)

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Bank of Vince has strong echoes of East Lancs entrepreneur’s Bank of Dave

Chorley Citizen: Business Secretary Vince Cable meets Dave Fishwick Business Secretary Vince Cable meets Dave Fishwick

A NEW billion-pound business bank could have its roots in a financial revolution being spearheaded by an East Lancashire crusader.

The Bank of Vince – after Business Secretary Cable – has strong echoes of the pioneering Bank of Dave – championed by Colne-based transport king Dave Fishwick.

And the East Lancashire entrepreneur has given his backing to the Liberal Democrat’s cash injection for small and medium-sized firms.

Mr Cable is confident the business bank, which could stimulate onward investment of £10billion, will provide vital assistance for struggling companies.

Earlier this year he met Mr Fishwick on his battle bus as he toured the UK, promoting his Bank of Dave concept, which would see a network of community banks established, overseen by local financial experts.

The meeting was filmed as part of Channel 4’s Bank of Dave TV series.

Pledging to help Mr Fishwick negotiate the minefield of Financial Services Authority red tape, Mr Cable told him: “It is absolutely vital that we have people like you so we can have some proper competition in the banking sector. This is a community business, so if we can help in any way, then we will.”

And during a visit to East Lancashire last month, Mr Cable said he was ‘impressed’ with the Bank of Dave.

He said: “I met Dave in Scarborough at the Federation of Small Businesses and I appeared on his film on Channel 4. It seems an impressive story.

“He’s filling a niche in the market because the banks are not doing small business loans.”

Mr Fishwick said: “I like Vince Cable. He’s a genuine guy and I think he’s doing a lot of positive things in tough economic times. Anything that helps small and medium businesses in Lancashire has got to be welcomed. He was very interested in what we were doing and has mentioned us a few times in various speeches he has given since. I’m glad he’s doing this because I can’t do it all by myself!”

Unlike Dave’s model, the business bank would be centrally based and aims to bridge the gap for entrepreneurs frustrated at the lending policies of the main high street banks.

Dave’s bank, based in Keirby Walk, Burnley, not only offers business loans, but also claims to offer ‘a decent return’ for small savers.

Comments (3)

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10:56pm Wed 26 Sep 12

accy lad and proud says...

Vince & Dave a right pair of Plant Pots !!!
Vince & Dave a right pair of Plant Pots !!! accy lad and proud
  • Score: 0

9:36am Thu 27 Sep 12

kendex says...

Mr Fishwick, this very nice chap Vince Cable. Has he now obtained for you FSA approval? After all it must be 12 months since he appeared on your TV documentary, assuming it was recorded a year ago. Or has he just pinched your ideas and initiatives? I suppose his new business bank, will be up and running with full FSA approval long before your bank obtains this. Does 'Never trust a politician' spring to mind?
Mr Fishwick, this very nice chap Vince Cable. Has he now obtained for you FSA approval? After all it must be 12 months since he appeared on your TV documentary, assuming it was recorded a year ago. Or has he just pinched your ideas and initiatives? I suppose his new business bank, will be up and running with full FSA approval long before your bank obtains this. Does 'Never trust a politician' spring to mind? kendex
  • Score: 0

2:40pm Thu 27 Sep 12

Jack Herer says...

kendex wrote:
Mr Fishwick, this very nice chap Vince Cable. Has he now obtained for you FSA approval? After all it must be 12 months since he appeared on your TV documentary, assuming it was recorded a year ago. Or has he just pinched your ideas and initiatives? I suppose his new business bank, will be up and running with full FSA approval long before your bank obtains this. Does 'Never trust a politician' spring to mind?
You've got Tony Blair and his world of spin to thank for that.

I see Will Straw is fighting to be the next Tony Blair. No experience of life but complete experience at spinning and milking the public.

The politics we all hate is the politics of spin. The politics of Tony Blair and Nu-Labour. Nothing has changed either. Will Straw parachuting straight from London to Lancashire to follow the exact spin model is proof of that.

The Lib Dems try and do the right thing, but they get hammered because politics doesn't work that way any more. To succeed now it's all about spin, not substance. Don't believe me, just look at Tony Blair and Will Straw.
[quote][p][bold]kendex[/bold] wrote: Mr Fishwick, this very nice chap Vince Cable. Has he now obtained for you FSA approval? After all it must be 12 months since he appeared on your TV documentary, assuming it was recorded a year ago. Or has he just pinched your ideas and initiatives? I suppose his new business bank, will be up and running with full FSA approval long before your bank obtains this. Does 'Never trust a politician' spring to mind?[/p][/quote]You've got Tony Blair and his world of spin to thank for that. I see Will Straw is fighting to be the next Tony Blair. No experience of life but complete experience at spinning and milking the public. The politics we all hate is the politics of spin. The politics of Tony Blair and Nu-Labour. Nothing has changed either. Will Straw parachuting straight from London to Lancashire to follow the exact spin model is proof of that. The Lib Dems try and do the right thing, but they get hammered because politics doesn't work that way any more. To succeed now it's all about spin, not substance. Don't believe me, just look at Tony Blair and Will Straw. Jack Herer
  • Score: 0

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