Government launches first phase of business bank

Community Correspondent
Sift Media
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The first phase of the government’s business bank is officially open, with £300m in funding for small and medium sized businesses.

Business secretary Vince Cable announced the bank’s launch last week, which aims to provide funding to small businesses who have difficulty with high street banks.

“Small and medium sized businesses are still telling me that access to finance is their number one problem,” Cable said. “That’s why through the business bank we are developing a range of measures to provide...

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That's the good news. The bad news is.........

It's telephone banking and the call centres are operated by HMRC.

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