BCC welcomes government guarantee on bank lending
13/01/09 | 12:33
The Government is planning to announce a business aid package tomorrow (Weds), aimed at assisting viable businesses which have been struggling with their cash-flow since banks curbed lending.
Director-General of the British Chambers of Commerce (BCC), David Frost, commented ahead of the announcement:
“Businesses are critically in need of cash-flow. Any move to get banks lending again will be seen as good news at this bleak time.
“A government promise to guarantee individual loans to businesses is not only sensible, it’s crucial.”
Ends
Media Contacts:
Fiona Cunningham
Tel: 020 7654 5812
Email: f.cunningham@britishchambers.org.uk
OR
Sam Turvey
Tel: 020 7654 5813
Email: s.turvey@britishchambers.org.uk
Notes to Editors:
The British Chambers of Commerce (BCC) is the National Voice of Local Business.
The BCC sits at the heart of a powerful nationwide network of Accredited Chambers of Commerce serving business across the UK, which employ over five million people.