Banks to support businesses affected by the Carillon

Reuters

Three banks have said that it will provide money to support small businesses that are in difficulty after the failure of the Carillon.

Lloyds is the creation of a £ 50m fund, while RBS offers 75 million pounds worth of assistance, and HSBC £100m.

All were among the banks that have ceased to support Carillion, after the government refused to guarantee their debts.

The government had asked banks insurance that would help businesses affected by the Carillon, of the collapse.

In the meantime, the Nationwide building society has said that it will take in-house jobs that were performed by the Carillon.

He said that he wanted to provide “reassurance” to “shocking”.

Corporate secretary Greg Clark welcomed the “swift and positive move” on the part of the banks, which came a day after he had a meeting with the aim to find insurance that would support small businesses affected by the Carillon settlement.

He added: “it is essential that small businesses have been exposed given the support they need from their banks, and I am waiting for other banks to follow.”

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The banks are offering support, including capital repayment holiday on loans, help with taxes, and increases in overdraft limits.’Clarity’

From next Monday, for 250 employees, mainly cleaning and maintenance workers, who were on the Carillon wages will be employed directly by the entire nation.

The provider also contracts, organized by the Carillon, which provide jobs for 1,500 workers.

The staff previously employed by Carillon to perform the cleaning, maintenance and administrative functions at the National level, including its 700 branches.

Reuters

The construction company said that the move to take the jobs in-house “to provide clarity to those affected and to ensure that services are maintained”.

Carillion also subcontract some cleaning and maintenance work throughout the National territory, for a number of other companies.

However, at the National level, he said, “now try to deal directly with third-party vendors that currently support the Carillion contract”.

A spokesman for the company said that it was “too early to say” whether at the National level would be to outsource the work again in the future.

The Carillon was put into liquidation at the beginning of this week, threatening thousands of jobs, about 20,000 of them in the UNITED kingdom.

It is described as “an integrated business support services” and has performed about 450 government contracts, spanning the education, justice, defense and transport ministries.

Its failure means that the government must provide funding to maintain the public service managed by Carillion.