Monday, 14 Dec 2020 07:30 AM MYT
People walk during the morning rush hour in the financial district of Canary Wharf amid the outbreak of the Covid-19 in London, Britain September 28, 2020. — Reuters pic LONDON, Dec 14 — The United Kingdom is planning to launch a permanent replacement for the £65 billion Covid-19 loans programme with new state-backed guarantees to support lending by banks to a range of small to medium-sized business, theThe new loan scheme may carry a guarantee of up to 80 per cent for loans of up to 10 million pounds for businesses deemed viable but unable to get finance from their lender, the newspaper said.
“As the Chancellor announced at the Winter Economy Plan, we are working on a new, successor loan scheme and will provide more details in due course,” a Treasury spokesman said in an email. — Reuters