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Warning about loans and grants scheme

A warning has been issued about private finance firms claiming to be administering loans and grants under a partnership scheme with the Government.

One company has reportedly asked potential clients, as part of their application, to put money on a pre-paid card as part of the process for securing access to a loan or grant.

The Department for Business, Energy and Industrial Strategy says a number of businesses have contacted the National Business Support Helpline about one particular finance company.

A spokesman for the BEIS said: "Based on what we know, no such relationship exists with Government, and therefore this appears to be fraudulent or at the very least untruthful with regard to Government involvement."