New Government Fund to benefit Derby businesses

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The Business Growth Fund launched by the British Bankers Association and the Government, targets medium sized businesses around the country.

Banks will invest between £2 million and £10 million in various firms in exchange for business shares ranging from 10% to 50%.

 

The 2.5 billion fund is strictly for medium enterprises and to qualify participants must have an annual turnover of £10 to £100 million.

 

Business leaders in Derbyshire have welcomed the scheme.

 

Chief executive of Derbyshire and Nottinghamshire Chamber of Commerce, George Cowcher said the  fund is another step forward in creating a better environment for business.

 

 

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