Economy
Wednesday, 7/15, 10:25 AM
UK Widens a Loan-Guarantee Scheme to Push More Credit to Small Businesses
- The UK government is expanding its Growth Guarantee Scheme to unlock an extra £2 billion a year in lending to small firms, with longer loan terms and a higher eligibility cap.
- Small-business groups welcomed the plan, which aims to ease a persistent complaint of the sector: that banks are reluctant to lend.