Federation of Small Businesses welcomes bank lending announcement

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However, the organisation has stressed that more needs to be done to change the structure of banking in the UK to promote growth, especially for small firms.

The FSB described the news that banks have agreed to lend £190bn – £76bn specifically for small firms – as a welcome step.

“However, we wait to see how the performance matrix will be implemented and how far off the target banks would have to be before repercussions will be taken, as well as ensuring how they will make certain that the

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