Fund "not a cash bailout" for small firms, Barclays says

Barclays warned that a fund at the European Investment Bank for smaller businesses is misunderstood, leaving the impression that it is a lifeline for firms short on cash. Steve Cooper, head of Barclays local-business banking, said the fund is a "slightly cheaper" form of lending and definitely "not a cash bailout for small and medium-sized enterprises."

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