Project Birch could be a gamble. Which companies are in the frame?
Pumping money into strategically important businesses to prevent them from collapsing comes loaded with risk for the Government. Rishi Sunak, the Chancellor, has been clear he wants to see businesses “exhaust all options” for other sources of funds before the state steps in. However, for some large companies, Project Birch may be their only hope, with no other lenders coming forward and their lack of an investment-grade rating blocking them from Bank of England loans. With no other t
Read more »