Extract . . .
Two years after the first council-branded bank to be set up in more than 30 years was announced, it has lent £530,000 – just £150,000 more than its set-up costs. Banking on Essex, a joint venture between Essex County Council and Santander, was backed with £100m – half of it public money – in an effort to help small companies struggling to win investment because of the financial crisis.
Read more herehttp://www.telegraph.co.uk/finance/yourbusiness/8199791/Small-business-friend-Banking-on-Essex-needs-to-improve.html
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