Carillion Carillion: government to back loans to firm's struggling contractors Companies owed money by collapsed outsourcing giant will be able to apply for support Carillion owed huge sums when it went into liquidation in January. Carillion owed huge sums when it went into liquidation in January, putting thousands of jobs at risk. The latest financial support measure will provide support to high-street lenders that might not otherwise give loans to Carillion contractors because they may lack the required assets for security. The banks have responded to my request by agreeing to support businesses and individuals affected. Clark’s department said the latest round of support would be of benefit to small businesses including the chain of subcontractors to Carillion.

Source: The Guardian February 03, 2018 09:22 UTC