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Recovery Loan Scheme offers nearly £302m of lending to smaller businesses in South West

Recovery Loan Scheme offers nearly £302m of lending to smaller businesses in South West

The British Business Bank has announced that, through the Recovery Loan Scheme, accredited lenders have offered nearly £302m to smaller businesses in the South West as they steer a path towards a sustainable recovery.

Of the £301.9m of total funding offered through 1,678 facilities, £250.4m has been drawn down through 1,544 facilities.

Total funding offered from the scheme...