The Treasury and the England Bank will begin accepting requests for the “Energy Market funding scheme” as of Monday, according to a statement released by the British government.
According to a quotation from the Bloomberg News Agency, the programme will aid businesses in resolving short-term funding issues.
The bank will examine the initial requests to ensure its eligibility, then the Treasury will establish credit and border risks before giving final approval.
And there are three months to advance before the firms.
They will be able to take benefit of a further 12-month warranty after their applications have been granted.
The state -owned companies, energy companies owned by financial institutions and trade companies in commodities will not be eligible..
A initiative to boost liquidity financing in the energy markets is launched in Britain.
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