Business Secretary Lord Mandelson today unveiled a package of measures designed to address the cash flow, credit and investment needs of small and medium businesses.

The support package, which builds upon the commitments outlined in November's Pre Budget Report, consists of loan guarantees and a new Enterprise Fund aimed at helping companies struggling to access finance for working capital and investment.

The Government measures include:

• A £10bn Working Capital Scheme, securing up to £20bn of short term
  bank lending to companies with a turnover of up to £500m
  
• An Enterprise Finance Guarantee Scheme, securing up to £1.3bn of
  additional bank loans to small firms with a turnover of up to £25m
  
• A £75m Capital for Enterprise Fund (£50m from Government
  augmented by £25m from the banks) to invest in small businesses
  which need equity

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