GBP50bn Government Business Loans Economy Boost
Published / Last Updated on 17/07/2012
£50bn Government Business Loans Economy Boost.
Nearly £50bn of tax payers money has been made available by the government to back small businesses who are looking to expand infrastructure and increase exports in a bid to try and raise the economy.
This report comes after the International Monetary Fund (IMF) slashed the UK economies growth forecast. The money will finance businesses in transport, energy, communications, education and many more. The businesses that want the financial backing will have to meet certain criteria within 12 months to keep the funding.
The government hopes this will boost the economy.