Britain's Business Bank has been given an extra £250m funding

Nick Clegg has pledged to put an extra £250m into the British Business Bank to help small businesses who struggle to get loans from the bank.

This is part of a week-long scheme to address Britain’s ‘big long-term problem in our banking system’.

The fund will allow small and medium-sized companies to get the investment they need to grow and take on more staff. The British Business Bank, which is being set up in Sheffield, is a state backed economic development bank, which works with over 70 partners to help unlock funds for smaller UK businesses.

Further information about the types of funds available for your business can be found here or here.

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