Small businesses may get £2bn credit lifeline
Lord Mandelson planning to extend olive branch to the bedrock of the British economy
£2bn of loans could be floated to small businesses as part of the
government’s moves to shore up the foundation of the UK economy.
Lord Mandelson the business secretary is set to make the announcement this
week, according to
The
Daily Telegraph.
Firms employing fewer than 50 staff will be able to dip into a £1bn pot of
government credit.
The business secretary is also considering plans for a separate £1bn scheme
for exporters, keeping companies afloat while they wait for their overseas
customers to pay invoices.