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<p>We have put processes in place to help companies who are impacted by Carillion’s
insolvency including extra support from the banks and time to pay taxes.</p><p>We
have set up a taskforce to advise on the impact on small businesses and employees
affected by Carillion insolvency. It will act as a means for government to communicate
to those affected by Carillion’s liquidation, assess wider economic impacts and consider
how to ensure that employees are provided with the right support to maximise rapid
re-employment.</p><p>Lenders have made a fund of £900m available to support small
businesses exposed to Carillion’s liquidation - and a Government taskforce has been
set up to monitor and advise on mitigating the impacts of Carillion’s liquidation
on construction firms, particularly SMEs and those working in the sector.</p><p>The
British Business Bank through its Enterprise Support Scheme will guarantee loans of
up to £100m through its partner banks, which can be used to support overdraft borrowing
and refinancing of existing debt.</p>
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