Bank to provide £100m in loans to Carillion-hit SMEs

Press/Media: Other

Description

My opinion on the British Business Bank's initiative as a member of CM's reader panel.

Period5 Feb 2018

Media contributions

1

Media contributions

  • TitleBank to provide £100m in loans to Carillion-hit SMEs
    Degree of recognitionNational
    Media name/outletCIOB Construction Manager Website
    Media typeWeb
    CountryUnited Kingdom
    Date5/02/18
    DescriptionDr Kenneth Sungho Park MCIOB, senior lecturer in construction management at Aston University and a member of CM’s reader panel, said: “Small- and medium-sized contractors do the actual building works and they are heavily affected by Carillion’s collapse as they were relying on the money from them.

    “SMEs should be urgently advised of this option by British Business Bank and the real action should be implemented fast enough to help cash flow issues in SMEs.”
    Producer/AuthorJames Kenny
    URLwww.constructionmanagermagazine.com/news/bank-provide-100m-loans-carillion-hit-businesses/
    PersonsKenneth Park