The Government's trade credit insurance top-up scheme, which was announced in Budget 2009, is now operational. As of 1 May, businesses suffering from a reduction in credit insurance will be able to buy up to six months' top-up cover. This will allow firms to either restore cover to the original level or double the amount they can get through the private sector, up to a value of £1 million. The scheme runs until 31 December 2009 and will make £5 billion of top-up cover available.
Read more at:
http://nds.coi.gov.uk/environment/fullDetail.asp?ReleaseID=400321&NewsAreaID=2&NavigatedFromDepartment=True
www.ukba.co.uk
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