Businesses will be offered "payday loans" to help stimulate the economy, under new plans announced by the Coalition Government.

Prime Minister David Cameron said the system would be a "win-win" for small and large businesses alike.

The UK Government hopes that the move will inject £20 billion into the economy and help thousands of firms.

Under the plans, once a bank has been notified by a large company that an invoice has been approved for payment, the company will then be offered an immediate advance of that money at lower rates of interest.