£10m weather fund for Ulster Bank business customers


£10m weather fund for Ulster Bank business customers

Ulster Bank has announced a support package worth £10m - €12m - for businesses adversely affected by the recent extreme weather.

Relief for businesses getting back to normal trading or awaiting insurance claims

The scheme will assist new and existing Ulster Bank customers to meet short-term cash commitments that have arisen as a result of weather conditions, such as repairs and managing their working capital. The fund is intended to provide some relief for businesses working back to normal trading conditions or awaiting insurance claims.

Ellvena Graham, Managing Director, SME Banking and Head of Ulster Bank Northern Ireland, said: “Many businesses have suffered sudden and severe disruption and loss of income because of the recent unseasonal weather. Ulster Bank recognises the difficulty that this causes and is on hand to offer support to help relieve some of this stress, whether that’s for an existing customer or someone joining the bank for the first time.

“Our dedicated team has a thorough understanding of the specific challenges that businesses face, so we can target this support and get companies back trading normally as quickly as possible.”

Funds are available at existing rates for business customers extending their facilities. Normal terms and conditions apply to new customers. Those interested in finding out more about the support available can visit ulsterbank.com.

Tagged

2014

Latest news

RBS to help 2.5 million people each year to be more financially capable

RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.

RBS to increase lending to sustainable energy sector following £1.1bn securitisation of loans to UK sustainable energy market

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 launches £1 billion Female Entrepreneurship Funding and announces targets to help create at least 50k new businesses by 2023

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.

Set Tab for lightbox