RBS and Natwest have launched a new £105m small business fund directed towards the North West.
This sum is just a small portion of the total £1b pot which will be allocated across eleven areas in the UK.
The fund will be open to both new and existing customers with fixed rate loans ranging from £1,000 to £250,000.
Regional managing director Mark Winters 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.”