Budget 2009 will help support business through the recession and into the future says SEEDA.
Most important is £5bn this year for a top up trade credit insurance scheme to help businesses whose cover is reduced. South East businesses and SEEDA had called for this to enhance private schemes that cover the risk of customers defaulting on payment. Consultation on export insurance is also welcome.
The budget will also help key South East sectors invest for long term growth:
Other financial help available includes:
SEEDA Chairman Jim Brathwaite said: "This package is good news for businesses in the South East. The measures will help with both short-term cash flow and the long term investment that is needed to drive the upturn. Coupled with existing Government programmes and SEEDA's targeted support for businesses in the region, there is now more help for businesses across the South East to weather these turbulent economic times, and emerge stronger as the growth engine of the UK economy."
For media enquiries, please contact:
Darren Bindloss, Head of Marketing and Communications, SEEDA
Tel: 01483 501397
Email: darrenbindloss@seeda.co.uk
James Fulker, Press Officer, SEEDA
Tel: 01483 470155
Email: pressoffice@seeda.co.uk
For more information please contact our press office
Tel: 01483 470155