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Goldman Sachs Expands U.K. Small-Business Plan to Boost Economy

  • U.S. bank widens SME support program throughout Britain
  • Report finds SMEs can play key role in bolstering productivity

Goldman Sachs Group Inc. is expanding its small business support program in the U.K. as the Wall Street firm works with the government to help boost economic growth and create jobs.

The 10,000 Small Businesses education and funding plan will be opened up to all companies throughout Britain from four existing regional sites, the U.S. investment bank said on Monday. The announcement was made alongside a report that said supporting small- and medium-sized enterprises may help bolster productivity growth, something the Bank of England has identified as a source of weakness since the 2008 financial crisis.