A Bill to make provision for the creation of mutual guarantee societies, for their membership by small and medium size businesses for the purpose of lending to and by such business and for their operation; and for connected purposes.
House of Commons
24 February 2017
May contain errors — check source documents for definitive information.
The Mutual Guarantee Societies Bill would create a framework to establish mutual guarantee societies that SMEs can join. These societies would pool members’ resources to back loans for and between member businesses, and would set out how they operate. The aim is to make it easier for small and medium firms to access finance through mutual guarantees.
First reading in the Commons occurred on 10 January 2017, and the bill is now at the second reading stage in the Commons.
Generated 21 February 2026
10 Jan 2017
This Bill has been withdrawn and will not progress any further.
The Bill had its first reading on Tuesday 10 January 2017 through the 10 Minute Rule procedure. The second reading was expected on Friday 24 March 2017 but was withdrawn.
If you require any further information about the Bill then please contact the sponsoring Member, Christina Rees.
No recorded votes for this bill yet.
