Barry Soper: Newstalk ZB senior political correspondent on the Government unveiling the Gas Transition Loan Guarantee Scheme

A new initiative will make up to  $1.2 billion of bank loans available for businesses, to enable them to reduce or eliminate their dependence on gas. $48 million dollars is set aside in this week's Budget to cover potential losses from the Gas Transition Loan Guarantee Scheme.  Newstalk ZB senior political correspondent Barry Soper says this stands to benefit many Kiwi businesses.  LISTEN ABOVESee omnystudio.com/listener for privacy information.