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£6bn business loan package arrives this week

The Treasury is set to announce its £6bn successor to the Recovery Loan Scheme this week as small business faces a looming recession.

£6bn business loan package arrives this week
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Treasury and the business department are expected to sign off the replacement business loan guarantee scheme, referred to as RLS2 by officials, within days.

The new business loan guarantee scheme will be less generous than the first Recovery Loan Scheme but aims to provide up to £3bn a year of debt over two years.

Read more at smallbusiness.co.uk

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