The agreement worked out between the government and England’s big banks, called Project Merlin, was intended, amongst other changes, to guarantee greater financial support for business, particularly SME’s or small and medium size businesses. With the latest figures released from banks who signed the agreement, it appears that although lending targets have been met in […]
Tag: Project Merlin
Project Merlin sees banks lend to SME’s
As part of the Project Merlin initiative, UK’s biggest banks are increasing the lending to SME’s by 15%. Barclays are one of the UK banks to pledge support to Project Merlin. The big four RBS, Lloyds, HSBC and Barclays are to make available £190bn in new credit to businesses in 2011 of which £76bn is […]