The European Commission is due to publish its Recovery plan today. This will include the recent EIB €30 billion package as well as bringing forward funding for competitiveness and innovation and making it easier for member states to deliver it and businesses to access it.
Speaking after the European Commission published its recovery plan, Director General of the British Chambers of Commerce, David Frost, said:
"We welcome these measures. Business needs all the help it can get, particularly in accessing finance. The key now is for the UK banks to act swiftly to take on the EIB loans; and for the Commission and UK Government to work quickly to strip away the bureaucratic layers too often involved when trying to access EU funding."