The Inland Waterways Association (IWA), on behalf of waterways businesses, welcomed Monday’s news from Chancellor of the Exchequer, Rishi Sunak, that a new Bounce Back Loan scheme is being launched by the Government to help small businesses access loans of up to £50,000. This news goes some way to assisting the 2,000 or so waterways businesses that would otherwise be unlikely to survive the current lockdown. However, these measures do not go far enough and IWA is calling for additional financial assistance for the waterways.
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