Up to £20 billion financing boost will help small businesses in Warrington

The Government has announced plans to help thousands of small and medium-sized businesses get access to affordable finance to help build jobs and grow the economy.

Under the scheme, leading companies will be able to deliver up to £20 billion of new cheaper finance to their suppliers, including many UK SMEs.

The Government will also offer this scheme to its own suppliers, starting with the first community pharmacies in England, unlocking up to £800 million of new credit for around 4,500 pharmacy businesses.

David Mowat said:

"This Government is backing businesses that want to get ahead and build jobs here in Warrington. This year, there are 431,215 small and medium-sized businesses in the North. This new scheme will help these businesses secure the finance they need to protect jobs and help our economy compete in the global race.

"And the scheme will mean that 4,500 pharmacies across the country will have access to up to £800 million of finance support right away. This is great news for the people of Warrington."


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