NatWest launches £1bn additional lending to help SMEs improve performance
Alison Rose, Chief Executive of NatWest Commercial and Private Banking, announced additional lending at the recent UK Finance 2018 SME Banking Conference.
29 May 2018
NatWest is making available £1 billion of additional lending, designed to help UK businesses invest in manufacturing, technology and development. The additional lending is specifically aimed at SMEs looking to boost business performance through investment in productivity-improving measures.
Speaking at the UK Finance 2018 SME Banking Conference on Friday 25 May, Alison Rose said: “Our business customers tell us they don’t always have the time or headspace to plan effectively for the future, which is contributing to low levels of productivity and slow business growth. As sector specialists we strive to support our customers with detailed sectoral knowledge, but we want to do more.
We’re soon to launch research, alongside Centre for Economics and Business Research (CEBR), which demonstrates that SMEs could potentially double their revenues if they improved their productivity and we hope this additional lending, alongside practical, tailored support offered by NatWest, will help our customers be the best business they can be.
Indeed, if the UK’s economy is to grow sustainably then increasing the productivity of small businesses has to be a real focus. We believe we can play a big part in that and are delighted to be demonstrating that commitment with this additional investment.”
NatWest is also providing further support for businesses on the NatWest Business Hub, which launched last month. The Hub provides insight on a wide range of topics, including cash flow, exporting, productivity, e-commerce and keeping safe from scams, to businesses of all sizes and sectors, through editorial articles, videos, podcasts and access to webinars and events.
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