Taskforce aims to unlock £1bn in small business lending
The government has convened a new taskforce to unlock up to £1bn in additional lending for small businesses, pressing Britain’s major banks to commit fresh capital to alternative community lenders. Ministers are seeking “concrete commitments” over the next five years to expand funding for the community development financial institution (CDFI) sector, not-for-profit lenders that support businesses unable to secure loans from mainstream banks. The initiative follows a review which found that many small firms are...










