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Extra funding for Business Bank

Posted at December 2, 2013 | Categories : News

The Government has today pledged to invest an extra £250 million into the British Business Bank, in a bid to help small and medium-sized companies  invest and grow.

The funding is in addition to the £1 billion of new capital committed by the Chancellor in last year’s Autumn Statement.

The extra money will support a range of interventions including capital support for new market entrants, later stage venture capital and asset based finance.