Gov steps in with cover during crunch

Posted on 23 Apr 2009 by The Manufacturer

Business Secretary Lord Mandelson has launched a scheme to provide £5bn of additional trade credit insurance.

The scheme is for businesses who have suffered reductions in their level of cover. It will be delivered as part of the Working Capital Scheme and will help mitigate the cash flow constraints caused by the withdrawal of trade credit insurance cover and constraints on the provision of working capital that this withdrawal has created.…

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