Barclays Announces £14 Billion Dedicated SME Fund
Barclays Bank has announced a £14 billion lending fund as part of a series of initiatives to help small and medium-sized businesses (SMEs) succeed, grow and flourish through Brexit and beyond.
Focused on building SME resilience during uncertain times, the package of support includes a dedicated lending fund for businesses with a turnover of up to £25 million.
The package comprises business loans, commercial mortgages and overdrafts, including unsecured loans of up to £100,000 and unsecured overdrafts of up to £50,000.
The fund is aimed at UK SMEs at several stages of growth and development, for example:
Established businesses with ambitious growth plans.
Start-ups with high growth potential.
Companies with early-stage equity funding.
Businesses focusing on innovation, R&D and technology.
The support is available to both Barclays customers and non-customers alike.
Applications are accepted at any time.
More information about this funding opportunity and the application process is available on the GRANTfinder funding information platform. GRANTfinder provides up-to-the minute content, insight and analysis on funding news and policy. To find out more about how GRANTfinder can keep you in the know, and subscription fees, contact us today.