Thursday, 26 February 2009

Real Help for Business - My Arse!

Page 28 some phone numbers to be told they can send you too a feng shui workshop and networking event.
Page 29
"Freeing up bank lending: action behind the scenes
The Government is working with UK banks and the European Investment Bank to maintain existing lending and make more available to small and medium-sized firms.
The Working Capital Scheme will secure up to £20 billion of working capital credit lines for ordinary risk companies with a turnover of up to £500 million a year, so ensuring that they are safe from reduction or withdrawal. It will also free up capital which the banks must use for new business lending that would otherwise not be available.
With the European Investment Bank, the Government has helped UK banks to negotiate credit lines of more than £4 billion in order to provide loans to small and medium-sized businesses – £1 billion of which have already been made available by banks.
Both the schemes above are for banks, not individual businesses, to apply to. They aim to make more credit available, which businesses can then benefit from. "

So in other words sod all for businesses, and plenty for banks to refil their bare treasuries.

Real help my Arse as Jim Royle would say.