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Industry unsure about Government support
Page 11
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A PACKAGE of measures from the Government to help small businesses through the recession has received a mixed response from the road transport industry.
David Law, managing director of haulier Law Distribution, says: "It should mean there is money available for operators that want to develop their business and replace their fleets with more efficient models."
But another operator. who does not wish to he named, says the funds were unlikely to reach small hauliers because transport is not seen as cutting-edge.
Jack Semple. director of policy at the Road Haulage Association, adds that while he welcomes the package of measures, "we will have to wait and see what effect this has in practice". British Vehicle Rental and Leasing Association chief executive John Lewis comments: "Having this level of support underwriting business loans will reassure any nervous funders our members may be dealing with."
The offer
• A Working Capital Scheme, securing £20bn of short-term hank lending to companies with a turnover of up to £500m • An Enterprise Finance Guarantee Scheme, securing up to £13bn of additional bank loans to small businesses with a turnover of up to £25m • A £75m Capital for Enterprise Fund (£50m from the Government and £25m from banks) to invest in small businesses that need equity