£100m funding package to support SMEs affected by Carillion’s collapse
The British Business Bank has up to £100m of lending to support SMEs affected by Carillion's collapse.
The fund, announced over the weekend, is in addition to the more than £200m already announced by Lloyds Banking Group, HSBC and RBS.
The latest money will be made available via all the major high street lenders, and is targeted at small businesses that may not have the security otherwise needed for conventional bank lending.
Business Secretary Greg Clark said: "We want to signal very clearly to small and medium sized bus... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
