RBS and Natwest join forces to launch £110 million Small Business Fund for Yorkshire

RBS and NatWest have launched an additional £110 million Small Business Fund aimed at supporting small businesses across Yorkshire and the North East.

Supporting businesses with fixed rate loans from £1,000 to £250k with no arrangement fee

Part of wider £1 billion fund to be distributed regionally with Yorkshire and North East region receiving £110 million

The fund, which is part of a wider dedicated £1 billion that will be split between eleven different areas across the UK, will target both new and existing customers who are looking to grow or diversify their business.

With the potential of a base rate rise on the horizon, this fund will help small businesses to grow by borrowing money with the certainty of a fixed rate and repayments.

Mark Winters, regional managing director, North, said: “Small businesses are the engine room of the UK economy, and it is essential that we do everything we can to support them. The launch of this additional £1bn Small Business Fund is another way that we are backing the businesses of tomorrow as they grow.

“In the North we are currently supporting over 100,000 small business customers and are committed to helping both them and the many more new customers we are attracting each week. We also have business managers in all key towns and cities who are ready to support.

We want to be the number one bank for business customers and as we work to regain the trust in our bank we want our business customers to be confident that by doing business with us, they can realise their ambitions.“

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