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Cash aid on way to firms

PUBLISHED: 15:27 13 January 2010 | UPDATED: 09:54 12 August 2010

MOVES are under way to ease pressure on traders with cash injections of up to £22,000. The European Parliament recently voted to

MOVES are under way to ease pressure on traders with cash injections of up to £22,000.

The European Parliament recently voted to make it easier for people to obtain small loans so they can start up their own businesses or develop existing ones. The new scheme is aimed at helping companies with 10 or fewer employees and a turnover of less than £1.8 million.

London MEP Syed Kamall said: "As a firm believer in Britain's entrepreneurial spirit and the fundamental role small businesses play in our economy, I welcome this initiative.

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