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Shadow Treasury minister Chris Leslie said: "If the National Loan Guarantee Scheme was always supposed to be replaced by the new Funding for Lending scheme, then why, two weeks after that new scheme was announced, did George Osborne say that the NLGS would be extended?" The latest initiative comes as the UK is mired in the longest double-dip recession in more than 50 years, with the Chancellor facing criticism that his austerity measures are damaging the economy.
"The more generous FLS has officially opened for business and will in time effectively take over from the NLGS, delivering credit easing to the whole economy." The latest initiative comes as the UK is mired in the longest double-dip recession in more than 50 years, with the Chancellor facing criticism that his austerity measures are damaging the economy, analysts said.
The NLGs are nanoscale, hollow, biodegradable spheres, each one capable of accommodating large quantities of chemically diverse molecules.
Within the NLGS, which went live on 20 March, the government will guarantee up to 20 billion [pounds sterling] of borrowing by banks, thus enabling them to borrow at a cheaper rate.
The NLGs, described in the journal Nature Materials, package together two completely different kinds of molecule.
He has become one of the first business people in North Wales to benefit from the National Loan Guarantee Scheme (NLGS) launched in March.
The Government-led National Loan Guarantee Scheme (NLGS) is part of a packet of measures to support the UK's small and medium sized enterprises (SMEs) including agricultural businesses .
The exception to this are the VUL no-lapse guarantees (NLGs).
With more choice and the strength of the Nissan brand I am totally confident that this major investment will deliver strong revenue growth for the business." Sam Cole, Barclays relationship director, said: "By giving our customers the full benefit of the NLGS on day one, they receive a lump sum of cash which they can put to use immediately to grow their business.
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