£28m loan funds to bring jobs boost

Three new loan funds totalling £28m are earmarked for businesses in the West Midlands and could create almost 1,300 jobs.

If given the green light a total of £7m will go towards a tooling loan fund for the automotive sector, a mezzanine funding programme worth £7m will also be set up, while £14m will go towards the creation of a manufacturing fund.

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