The document sets out the Government’s role in ensuring British firms and workers can compete successfully for the jobs of the future, and the key areas where Government action can have most impact, investing in growth to speed recovery and building manufacturing and services.
Two key announcements are:
A review to consider whether and in what form further intervention could help increase the supply of long term growth capital to SMEs. This will include options for a Public-Private Partnership similar to the predecessor of 3i, the Industrial and Commercial Finance Corporation, leveraging private sector capital to address gaps in growth finance and risk capital
Consultation on a new facility to provide Government support for short-term trade finance through sharing risks with banks in confirming letters of credit
A copy of the document is attached or can be accessed at the following link:
