Originally written by Timothy Adler on Small Business
NatWest has added another £2.2bn in capacity to its £6bn Brexit Growth Fund to help small businesses.
The NatWest Growth Funding initiative, designed to help scale-ups, fund green initiatives and navigate current Brexit uncertainty was doubled this year to £6bn.
So far, NatWest has committed £5.6bn of the £8.2bn available, removing any cap on amounts which can be borrowed.
The bank says it has identified several thousand customers likely to suffer most from Brexit uncertainties and plans to contact them directly.
>See also: Cashplus plans to lend £400m to small business from next year
In addition, NatWest is holding a roadshow across the UK answering questions from small and growth business about Brexit means for them. The next two events will be held on October 21 in Birmingham and October 222 in Milton Keynes, where the focus will be on four areas: importing and exporting, supplying services to the EU, employees, and using and transferring data. To find out more, go to the NatWest Brexit Hub.
Paul Thwaite, MD commercial banking, said: “During a time of such uncertainty, it is imperative that we do all we can to support our customers. Our business customers are extremely busy, and there