A NORTH Yorkshire invoice finance company has been selected to join the exclusive panel of approved lenders in a Government scheme.

Under the Enterprise Finance Guarantee scheme, businesses with a turnover of up to £25 million will be able to access loans from Skipton Business Finance, 75 per cent of which are guaranteed by the Government.

The loans can be used, among other things, to meet short-term cash flow difficulties and restructuring as well as fund growth opportunities.

Andy Grantham, sales and marketing director at the Skipton Building Society Group firm, said: “During the downturn, the government promised businesses more support via the Enterprise Finance Guarantee Scheme and it’s exactly this type of scheme that can help improve a business’ cash flow, foster growth and create new jobs.”