CCR Magazine

You are here  :Home arrow News arrow BEF joins Government response to support Carillion supply chain
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
BEF joins Government response to support Carillion supply chain PDF Print E-mail
Thursday, 08 February 2018
The British Business Bank, in partnership with 40+ accredited lenders, will make £100 million of finance available to businesses affected by the collapse of Carillion. 

Delivered through the Enterprise Finance Guarantee Programme (EFG), the move, announced by Business Secretary Greg Clark, will create cases for businesses to borrow, should they be suffering cash flow problems and lacking security.

Carillion owe an estimated £1 billion to 30,000 businesses in their supply chain, many of which are SMEs.*

For small businesses based in Yorkshire and the Tees Valley, Business Enterprise Fund (BEF) have been asked to partner in this support.

BEF Chief Executive Stephen Waud said: “We are very aware of the impact that the collapse of Carillion will have on the small businesses that built up its supply chain and understand the pressure many SMEs are under. We have been written to directly by the business secretary asking if we would partner with British Business Bank to support these SMEs.

“I want to urge anyone affected by this to get in touch as soon as possible. As part of the support network, we are here to help.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197