StartupsUKTNabout 2 hours ago
UK pledges £500m for innovative SMEs and scale ups
2 min read
The UK government announced £500m in new funding to support innovative SMEs and scale ups. The money expands the British Business Bank's Growth Guarantee Scheme, which provides a 70% government guarantee on loans up to £2m. The funding gap for SMEs is estimated between £1.6bn and £4.1bn per year.
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