New Small Firms’ Loan Scheme Announced

Posted on Monday 4th July, 2016 by

A £100 million loan programme to support smaller firms has been announced by the European Investment Bank (EIB) and Funding Circle, a UK-based peer-to-peer lender. The funding is expected to facilitate investment in smaller firms totalling £200 million over the next seven years by providing access to capital for the 5.4 million small firms that account for more than 99% of the private sector in the UK.

This is the first time that EIB funding has been delivered to support small business through a direct lending marketplace, although the EIB has provided more than £3 billion for investment in small UK firms over the past ten years.
Read more about the loan programme at: Crowdfundinsider.com

 

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