Chamber responds to Chancellor’s reforms to small business finance
A new package of measures announced to expand small business finance has been cautiously welcomed by East Midlands Chamber. Measures announced include: Growth Guarantee Scheme - expansion to facilitate an additional £2bn of SME lending per year by 2028/29, more than doubling the current annual lending supported by the scheme to around £3.35bn Broader eligibility and longer loan terms - maximum loan term extended from six to 10 years for loans up to £1.1m, and the eligible turnover threshold raised […]
