Crown Dependencies establish 'important covid-19 loan guarantee schemes'

The Governments of Guernsey, Isle of Man and Jersey have each agreed to provide loan guarantee schemes to enable further financial support for businesses in the Crown Dependencies in light of the covid-19 pandemic.  A coordinated approach has been taken in agreeing the schemes between the Governments of the Crown Dependencies and, as such, the schemes will be broadly aligned, although each government will guarantee loans only for its own local businesses. The schemes will be operated initially by a number of banks across Guernsey, Jersey and the Isle of Man, including Barclays, HSBC, Llo...