Pirate FM News

Cornish Businesses 'Missing Out' On Loans

news_money_exchange.jpg

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."


some great deals from pirate fm
Email Icon

Sign up for exclusive news, competitions and offers.
Proper Local News updates from Pirate FM

Suggested articles

New business park planned near a Cornish village

Cornwall News: Critics are worried about problems like traffic

Teenagers cut off by tide at Cornish harbour

Cornwall News: The pair were angling at Marazion late on Thursday

Trending in Cornwall

Huge spike in demand at Cornwall's biggest hospital

Some staff at A&E are working almost double shifts

Over 1,600 drivers caught speeding in one week

Devon and Cornwall Police launched a summer crackdown

Teenagers cut off by tide at Cornish harbour

The pair were angling at Marazion late on Thursday

10 things you know only if you grew up in Truro

City secrets only true locals get!

Man winched from "unstable" cliff in Cornwall

Coastguards say it was the only way to rescue him

Woman impaled by BBQ skewer on Newquay beach

She was having a BBQ with family and friends

The scale of public toilet closures in Cornwall

The Duchy has lost over 200 in just two decades

VIDEO: Child falls from harbour wall in St Ives

A young girl was airlifted to Treliske on Thursday

New business park planned near a Cornish village

Critics are worried about problems like traffic

Two teenagers rescued from rip on Cornish beach

They were playing football close to the water’s edge

More news...

Pirate Extra Pirate 70s Escape LoveCornwall