Commenting on the Spring Budget and how the extension to the recovery loan scheme is a boost to businesses but a permanent one is better, Douglas Grant, Group CEO of Manx Financial Group, said:
"Today's decision to provide £200m of funding to extend the recovery loan scheme, enabling 11,000 small and medium-sized enterprises (SMEs) access to the finance they need, brings hope and encouragement to both businesses and consumers. SMEs should take this opportunity to reevaluate their current lending arrangements and strengthen their positions.
