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SME funding could boost graduates' job chances
Tuesday, 02 February 2010
All Graduate job news
Small and medium sized enterprises (SMEs) in the UK have had over £700 million of funding approved by the European Investment Bank (EIB) already and more is available, which could provide a jobs boost to graduates.
SMEs can provide valuable employment routes for graduates, allowing them a real hands-on experience that larger firms cannot offer, but in turn their budgets are stretched and they cannot compete in terms of remuneration.
But this could begin to change as some 3,000 businesses have had funding approved via participating national banks so far and more are being encouraged to take advantage of the support.
Simon Brooks, EIB vice president, said: "The EIB's ongoing support for small and medium sized enterprises in the UK through cheaper, simpler and more flexible loans will enable increased investment to expand business opportunities and create new jobs in difficult times."
A survey by Towers Watson, details of which were published in RecruitmentToday yesterday (February 1st), showed that 82 per cent of European companies are planning to hire staff to new positions in the next year.