Department for Business, Innovation and Skills
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£300 million boost for SME lending

Small and medium sized businesses struggling to access finance receive a boost as the first phase of the new business bank is launched.

  • £300 million will be co-invested alongside private sector investment
  • Builds on Business Finance Partnership successes
  • First phase of business bank programme launched

Small and medium sized businesses (SMEs) struggling to access finance received a boost today as the Business Secretary Vince Cable launched the first phase of the new business bank.

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