Black Country business loan provider BCRS Business Loans made an appearance on the BBC TV evening news when they gave their reaction to Chancellor Kwasi Kwarteng’s mini-Budget announcement.

Head of Business Development Andrew Hustwit represented Wolverhampton-based BCRS Business Loans on the BBC One programme to respond to plans to include the city in a new investment zone, which would see planning laws potentially relaxed, stamp duty abolished and companies given the green light to ‘write off’ investments in industry.

Andrew joined a panel of representatives of companies from the Wolverhampton Science Park, where BCRS are based, who gave their reaction to the proposal to include Wolverhampton in a low tax zone to stimulate business growth.
In the TV appearance on Friday (September 23), Andrew was broadly supportive of the plans but added: “How do we get the talent to not only work here but live here as well? The key for me will be what is spent on infrastructure.”

The BBC TV news team featured Wolverhampton, interviewing people working in large and small companies, to get local reaction to the Government plans to provide incentives.

The team at BCRS Business Loans, who provide funding to businesses who are struggling to access finance from traditional lenders, have extensive knowledge of SMEs in the West Midlands. Businesses can secure loans from between £10,000 and £150,000 from BCRS Business Loans to support growth and recovery plans.

The plan for investment zones across the UK was included in the mini-Budget by the Chancellor, which saw the basic rate of income tax cut to 19p, the 45% top rate of tax for higher earners abolished, the threshold for raised, a cap on bankers’ bonuses is lifted and an increase in National Insurance reversed.