£60m small business scheme launched through Regional Growth Fund

5 Oct 2012 12:41 PM

Business Secretary Vince Cable yesterday launched a £60 million pot of Regional Growth Fund investment and bank finance at the Community Development Finance Association’s (CDFA) annual conference.

The CDFA will receive £30 million from the Government’s Regional Growth Fund (RGF) which has been matched with a further £30 million by the Co-operative Bank and Unity Trust Bank to provide lending to small, micro and social enterprises.

The funding is expected to create or safeguard over 8,000 jobs over six years across the country and meet some of the growing demand from small businesses for access to finance and drive investment in often fragmented communities.

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