Good News for UK Tech Startups. HSBC and UK Government Each to Launch 1BN Funds
Story byZee
Former CEO of The Next Web. A fan of startups, entrepreneurship, getting things done faster, penning the occasional blog post, taking photos(show all)Former CEO of The Next Web. A fan of startups, entrepreneurship, getting things done faster, penning the occasional blog post, taking photos, designing, listening to good music and making lurrrve.
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In Other Good News…
HSBC has announced the establishment of a $5 billion (£3.4 billion) global fund to lend money to small and medium-sized businesses affected by the credit crunch – £1 billion of which is to be kept specifically for the UK.
A spokesperson for the banking giant, which has 9,500 offices around the world, said:
The move has been made soon after the banking industry has been criticized for not passing on the full benefit of interest rate cuts from the government onto consumers.
Photo Credit:catsfather
