VOL. NO: 53      DATE:
 

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AFRICAN ECHO BUSINESS NEWS
Complied by Cass Gilroy-Business Editor

Government announces roll out of projects

THE Chancellor of the Exchequer, Gordon Brown, has announced new funding to enable the national roll out of a scheme to tackle loan sharks, with a base in every region. Schemes tackling loan sharks have already been successfully piloted in the West Midlands and Scotland and work by improving support for people targeted by loan sharks.

These new projects are an important part of the Government's strategy of increasing the availability of affordable and appropriate sources of credit for the financially excluded.

Commenting on the roll out of the project, the Minister responsible for financial inclusion, Ed Balls, said: "Loan sharks are a blight on some of the least well off communities, and so I am pleased to see the success we are already having in tackling these criminals and helping their victims.

This scheme will bring help to more victims nationwide while also sending a further warning that these illegal and unacceptable practices will not be tolerated."

 

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