FLA comments on increased funding for the BBB unveiled in the Chancellor’s Spending Review

Commenting on the Comprehensive Spending Review announcement that the British Business Bank's total financial capacity will be increased to £25.6bn, enabling a two-thirds increase in investments to around £2.5bn each year, Stephen Haddrill, Director General of the FLA said:

“We're very pleased to see that funding for the British Business Bank has been prioritised as we had recommended. This is great news for the thousands of SME businesses that have investment ambitions this year.”