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UK to unveil rescue package for start-ups (Reuters)
UK to unveil rescue package for start-ups (Reuters)
Last Modified: 08:06 PM, Wed Apr 15, 2020
15 April 2020
London (Reuters) - Britain's Treasury is expected to unveil a sweeping rescue package for start-up businesses within days, the Telegraph reported https://bit.ly/2RIpDXX on Wednesday.
Ministers are rushing ahead with a bailout plan for loss-making companies whose funding pools have dried up, the report added, citing sources in the technology industry.
The aim of the package would be to keep venture capitalists investing in start-ups amid signs of dwindling support as the COVID-19 pandemic triggered a massive recession, according to the Telegraph.
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Creditline: Reuters
Slugline: HEALTH-CORONAVIRUS/BRITAIN-PACKAGE (URGENT)
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