Rishi Sunak launches new loan scheme with £10m business grants

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Rishi Sunak launches new loan scheme with £10m business grants to kickstart economy after lockdown

Firms will access loans of between £25,000 and £10million to get back on track. Recovery Loan replaces a string of earlier ones including the Bounce Back loans. Ministers were under pressure to reform the Bounce Back scheme after review.

 

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And no doubt like all other government schemes will give wealthy support and leave small businesses to flounder.

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