Real Help for Business
The Government has unveiled a package of measures designed to address the cash flow, credit and investment needs of small and medium businesses.
The support package, which builds upon the commitments outlined in November’s Pre-Budget Report, consists of loan guarantees and a new Enterprise Fund aimed at helping companies struggling to access finance for working capital and investment.
The Government measures include:
• A £10bn Working Capital Scheme, securing up to £20bn of short term bank lending to companies with a turnover of up to £500m
• An Enterprise Finance Guarantee Scheme, securing up to £1.3bn of additional bank loans to small firms with a turnover of up to £25m
• A £75m Capital for Enterprise Fund (£50m from Government augmented by £25m from the banks) to invest in small businesses which need equity
For further information about this scheme please visit http://www.supportwm.co.uk/
The following information sheets will also provide you with more details, however if you should have any more questions please call the Chamber on 02476 654321.
Working Capital Factsheet
Capital for Enterprise Fund Factsheet
Enterprise Finance Guarantee Factsheet