Scheme to help viable firms get banking credit

THE Government will tomorrow unveil a scheme to help viable firms with solid business plans obtain badly needed credit from banks.

It comes amid heavy criticism of the coalition’s plans to raise the standard rate of VAT to 23%, with the opposition claiming the move will cost jobs.

In the first of three meetings this week to discuss the budget, the Cabinet yesterday signed off on a temporary “partial guarantee scheme” that will be announced by Enterprise Minister Richard Bruton tomorrow.