Cash-squeezed contractors to hear from Bank of England how finance lifeline will work

By Dave Rogers2020-03-18T15:07:00

Treasury hoping move will free up banks to lend to more medium-sized firms and SMEs

Further details of a Treasury plan to allow larger contractors access to cheaper capital so they can keep going in the wake of the coronavirus crisis are set to be announced by the Bank of England later.

The move will effectively free up banks to lend to smaller and mid-market firms by expanding the capacity of the banking system.

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