UK - BVCA calls for banks to actively support businesses

The government's £20bn loan support package includes a £10bn Working Capital Scheme to secure up short term bank lending to companies with a turnover of up to £500m. In these cases the government will provide banks with guarantees covering 50% of the risk on existing and new working capital portfolios.

The second part of the package, the Enterprise Finance Guarantee Scheme, will provide £1bn of loan guarantees to aid bank lending to small firms with a turnover of up to £25m, allowing these firms to borrow a maximum of £1m for up to ten years.

The last part of the package, the Capital for Enterprise Fund, has £75m earmarked investments into small businesses which need equity.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Industry
• UK / Ireland