Real Help For Businesses Now Video
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.
