NatWest and RBS launch £250m interest free loan fund to support businesses affected by storms
NatWest and RBS have launched a £250m UK Storm Business Fund to provide short-term, interest-free financing to help speed recovery for businesses affected by recent floods and gales.
08 January 2014
NatWest and RBS business managers will continue to contact and visit customers affected to see how else we can help them.
Chris Sullivan, CEO Corporate Bank for NatWest and RBS, said: “As the UK's biggest business bank we know cashflow is critical for businesses. Many firms will have taken a real hit to their livelihoods as a result of this prolonged period of adverse weather. The loss of trade or damage to stock from such a storm can mean businesses find themselves in financial trouble. We’re making additional support available because we know how important it is to the local economy and communities to get these businesses operational again.”
For more information please visit: UK Storm Business Fund
Posted In
Tagged
Latest news
RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.
RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.
RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.