Banks offer lifeline to small firms hit by Carillion collapse
Banks have agreed to offer support to sub-contractors impacted by the collapse of construction group Carillion.
Help includes offering small firms overdraft extensions, payment holidays and fee waivers.
The offer was made following government intervention, which saw Business Secretary Greg Clark, Economic Secretary to the Treasury John Glen, and Small Business Minister Andrew Griffiths, holding emergency talks with several leading banks.
The meeting was called by government to ensure small businesses exposed to the liquidatio... 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...
