Small businesses struggling to access credit have been given a welcome boost with £110 million of new funding announced by Vince Cable announced yesterday.
The Business Secretary pledged £55 million of Government funding – through a scheme called the Business Finance Partnership – to peer to peer lenders and other finance suppliers. Match-funding from the private sector is expected to lever in a minimum of £55 million, making at least £110 million available to lend to small businesses over…
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