As the recession and its effects slowly dim and the economy is slowly recovering, one must not underestimate the influence and impact of the government and our banks on new or established businesses.

The economy is in dire need of a venture bank; such a bank would give an unsecured loan for a well-prepared business plan.

The current systems of securing a loan against property or a fixed deposit or securities clearly make it very difficult for new ventures to find financing.

Those already in business might be unwilling to secure their assets on a long-term loan and, more often than not, businesses are held back from exploiting a new opportunity since the profit margin might be less than the interest rate charged by the bank.

The government should also provide incentives for new business ventures by providing clear-cut grants and/or loans.

Providing tax credits are a way forward; however, their overall benefits are found in the long term while employers require a more short-term solution.