This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

£100m of finance for companies impacted by Carillion collapse

06 February 2018

Businesses affected by the failure of Carillion last month will now have access to £100m of finance, according to the British Enterprise Fund (BEF).

A partnership has been formed between the British Business Bank and over 40 accredited lenders, with the funds be delivered through the Enterprise Finance Guarantee (EFG) programme.

Those companies suffering from cash flow problems and "lacking security" will be eligible to borrow money through the scheme, said Business Secretary Greg Clark.

Support from the BEF will be provided to business in Yorkshire and the Tees Valley.

BEF chief executive Stephen Waud said the organisation was "very aware of the impact that the collapse of Carillion will have on the small businesses that built up its supply chain and understand the pressure many SMEs are under".

The BEF became involved in providing assistance after Greg Clark wrote to request its support of SMEs affected in the area.

"I want to urge anyone affected by this to get in touch as soon as possible," said Mr Waud.

Those affected by the Carillion are urged to register with the Insolvency Service as a creditor.

Further information on the steps to follow and a dedicated helpline are available here.

In the latest development following the company's failure, MPs are questioning the former Carillion directors, who are being asked to account for the level of debt and lack of prior notification regarding lack of investment in employee pensions.

Print this page | E-mail this page


Article image Manchester Cleaning Show To Focus On Future Of Cleaning And Wider FM Issues

The full programme for the second Manchester Cleaning Show, the northern edition of The Cleaning Show which now alternates annually with Excel in London, has been announced.Full Story...

Article image Calls to show the better side of the FM sector increase after Carillion failure

There is a need to emphasise that there is a better side to the FM industry than the image emerging in the wake of the Carillion failure.Full Story...

Pest control warning from industry body

Increasing issues relating to refrigerants following F Gas regulation impact

WCRS hosts series of free informative webinars