Green Light for automotive assistance

March 2009
Works Management;Mar2009, Vol. 62 Issue 3, p7
The article reports that the European Commission (EC) has approved the green light assistance application of Great Britain to help automotive industry on its £2.3 billion loan guarantees and emergency funding proposal under the Automotive Assistance Program. The EC approval allows British government to support the automotive industry on its loan of £2.3 billion through the European Investment Bank (EIB). The state economic assistance package will also help manufacturing industry.


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