Penrith based Enterprise Answers has been asked to act as part of the national support package for companies affected by the collapse of construction giant Carillion.
Secretary of state for business, energy and industrial strategy Greg Clark MP has confirmed that the government is making £100m available to help ease the situation and has appointed the British Business Bank to work alongside Enterprise Finance Guarantee (EFG) providers to support supply chain companies who may be struggling to pay bills and keep staff.
As an EFG accredited lender, Enterprise Answers will help those businesses affected to unlock cash from the £100m fund as a temporary measure.
Grahame Latus, Chief Executive of Enterprise Answers said: “Working closely with the British Business Bank, we aim to help many of those companies facing an uncertain future following the collapse of Carillion.
“We are already prepared to assist with flexible financing options and welcome this endorsement by the government of our capability to assist in the fallout from the liquidation of Carillion. It’s encouraging to know that Enterprise Answers is seen as a local solution to the potential financial issues which may arise for some of the supply chain businesses affected.”