Essex Councillors To Set-Up New Bank

(BBC) – ESSEX COUNTY COUNCIL is setting aside £50m for loans of up to £100,000 for small and medium-sized businesses which have been trading for at least a year.

The bank is being created under powers which councils have to promote the economic well-being of their area.

‘Bank of Essex’ could be set up within a year after going through all the necessary legal and regulatory work.

… (29/04/2009) Essex CC Provides Small Business Funding

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  1. […] on Essex not only establishes a new, business-focussed lending framework; but will develop into a full range of services for small businesses — including support for producing business plans through to inward investment advice and […]

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