Friday, March 13, 2009
Wayne and Waynetta to run Bank of Essex
Essex Council has revealed details of a proposed Bank of Essex, which will make finance available to local small businesses struggling to get finance through commercial banks. At the same time several local authorities are pressing for government support for a scheme which will allow them to help residents who are unable to get mortgage finance from banks. Essex Council said the proposed Bank of Essex would act as an intermediary to release European Investment Bank funds for local firms.