Skanska to lend staff cash

Skanska has teamed up with a finance firm to offer affordable loans to its staff.
The initiative with Salary Finance will offer a range of financial benefits to all employees including loans with a fixed APR of 7.9%.
Staff can also access advances on earned pay to avoid relying on overdrafts or credit cards plus savings schemes and free financial education.The move follows Skanska’s recent investment of £1m in cost-of-living support with one-off payments of £750 to around 1,300