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20/11/2008
Chancellor's Aid For Small Businesses
A raft of new measures to support small firms, across the UK, to secure loans will be unveiled by the Chancellor next week, the Financial Times has reported.
Mr Darling will aim to help ailing companies gain finance and insurance against the backdrop of a wider economic slowdown, the FT said.
Underwriting new loans for small organisation, and an extension on taxpayer guarantees for bank lending to growing enterprises, will form part of the plans, the newspaper claimed.
The Chancellor is also expected to reveal proposals for increased funding for scheme targeted at helping small firms to apply for bank loans that carry a 75% taxpayer guarantee.
Last month, Mr Darling called on banking bosses to store-up lending levels up to £53bn, in line with 2007.
(PR/JM)
Mr Darling will aim to help ailing companies gain finance and insurance against the backdrop of a wider economic slowdown, the FT said.
Underwriting new loans for small organisation, and an extension on taxpayer guarantees for bank lending to growing enterprises, will form part of the plans, the newspaper claimed.
The Chancellor is also expected to reveal proposals for increased funding for scheme targeted at helping small firms to apply for bank loans that carry a 75% taxpayer guarantee.
Last month, Mr Darling called on banking bosses to store-up lending levels up to £53bn, in line with 2007.
(PR/JM)
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