Pirate FM News

Cornish Businesses 'Missing Out' On Loans

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Published by the Pirate FM News Team at 4:50pm 3rd July 2013.

Cornwall's small businesses are told they are missing out under a government lending scheme.

Figures seen by Pirate FM show they have borrowed £27,000 from RBS and Natwest since August.

That is seven times less than Devon.

Now the banks we own a big chunk of are launching a review.

Spokesman Ian Cowie said:  "The review that we've launched today is saying that we are lending and we want to lend more. Therefore how do we find new ways and fresh challenges and challenge ourselves to do just that.

"It is about demand and confidence. We know there is a number of those who hear that the banks aren't lending, therefore don't approach the banks. If they then approach the bank as a consequence of this then that will remove one of those barriers."


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