The fund, which forms part of Johnson’s Economic Recovery Action Plan, was developed by the London Development Agency (LDA) and is designed as a "last resort" for companies. It will provide loans of up to £50,000 for up to five years, for businesses who have exhausted all mainstream options for finance.
Johnson says he’s “doing everything in my power to help the capital’s small and medium sized companies during these tough times.”
Hear, hear BoJo.
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