Rishi Sunak offers fast-growing UK companies £1.25bn in loans
by Richard Partington Economics correspondent from on (#52CRN)
Taxpayer-backed loans aimed at protecting innovative tech and life science firms
Fast-growing UK companies will be offered 1.25bn in taxpayer-backed loans, as the government attempts to protect emerging sectors of the British economy during the coronavirus pandemic.
In the latest intervention to cushion the unfolding economic blow, the chancellor, Rishi Sunak, said the financial package would help support technology and life sciences firms so they could continue to develop innovative products, powering UK growth in future.
Income subsidies
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