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| Government announces new SME scheme |
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| Latest Recruitment News - Office Recruitment News |
| Written by DirectNews Feed |
| Tuesday, 14 December 2010 00:00 |
 The government has announced a new range of measures designed to increase liquidity in terms of lending from banks and building societies small and medium-sized enterprises (SMEs) following the recession.During a conference with the Community Development Finance Association (CDFA), business and enterprise minister Mark Prisk announced that the Conservative-Liberal Democrat alliance will introduce three key policies that will reform the current Enterprise Finance Guarantee (EFG) scheme. Under the terms of the new proposals, access to the programme for community development financial institutions will be improved, while as of April next year, the government will pay an increased amount out in defaults of lenders' EFG. Mr Prisk remarked that he is determined to "encourage people from all backgrounds to start their own business" and added that these measures could prove "extremely important" in this process. Meanwhile, recent research by Orange found that 26 per cent of SMEs are looking to hire more people in 2011 than they did this year. Posted by Daniel Frost 
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