Government-backed bank plan to aid firms

Updated
Vince Cable
Vince Cable

A government-backed bank to increase lending to businesses is to be announced by Vince Cable as he sets out a long-term industrial strategy designed to give companies the confidence to invest.


The new institution will lift the block on growth caused by the shortage of finance for firms that want to expand, the Business Secretary will say. But he will admit that details of its size and how it will work are still being thrashed out.
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