Real Help For Businesses Now

On 27 January 2009 the Government announced a package of measures aimed at freeing up lending of more than £2bn for the automotive industry.

A transcript is available here:
http://www.berr.gov.uk/files/file50278.doc

The elements of support that have been announced:

• Guarantees to unlock loans of up to £1.3bn European Investment Bank (EIB) guarantees for investment in lower carbon initiatives

• Loans or loan guarantees to support of up to £1bn of lending for lower carbon initiatives for non-EIB backed projects

• Increased funding for training of employees under Train to Gain

• Mervyn Davies, the new Trade and Investment Minister, tasked to draw up a plan for improving access to finance for
manufacturers finance arms.

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