Code | DS/UK/40 |
Corporate Name | Finance Corporation for Industry |
Dates | 1945 - 1973 |
OtherFormsOfName | FCI |
Activity | The Finance Corporation for Industry (FCI) was formed in 1945 to assist larger companies with loans of a term longer than that of working capital provided by banks but shorter than the long term finance obtainable in the bond market. The Bank of England was a shareholder in FCI along with insurance companies and investment trusts. FCI merged with the Industrial and Commercial Finance Corporation (ICFC) to form Finance for Industry. |
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