UK to guarantee rail investment
The government has unveiled plans to underwrite up to £40bn of investment in infrastructure to lift the economy, with an additional £10bn of guarantees earmarked to support struggling UK exporters – a welcome announcement!
Chancellor George Osborne said the UK Guarantees scheme intends to release private sector funds aimed at kick-starting the schemes which may have stalled due to financial problems.
Those looking to gain access to the support need to be able to begin the work within 12 months and be able to prove that the project will have a positive impact on the UK economy.
Could your project be suitable?
Rod Kain, Managing Director, Kompass