Government proposals for a new bank designed to lend to small and medium-sized businesses have been questioned by leading banking partners, who suggest the move will send confusing signals to the market. Vince Cable and the Department for Business Innovation & Skills (BIS) recently unveiled the coalition Government’s plans for an investment bank, which would use £1bn of new government capital to leverage support for up to £10bn of finance to small and medium enterprises (SMEs).
October 05, 2012 at 09:16 AM
1 minute read
The original version of this story was published on Legalweek
Government proposals for a new bank designed to lend to small and medium-sized businesses have been questioned by leading banking partners, who suggest the move will send confusing signals to the market.
Vince Cable and the Department for Business Innovation & Skills (BIS) recently unveiled the coalition Government’s plans for an investment bank, which would use £1bn of new government capital to leverage support for up to £10bn of finance to small and medium enterprises (SMEs).
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