National Westminster Bank (NatWest) has tripled its funding to prepare UK firms for Brexit, setting aside an additional £2bn to support companies which rely on EU exports, labour or foreign exchange rates.
The bank said it believes almost 2,000 of its customers could benefit from the funding, and will be contacted in the coming weeks, with it having already approved £900m of the £1bn package it announced in May.
Commenting, NatWest head of commercial banking Alison Rose said: “To triple this initial figure to £3bn is tremendously exciting and we’re thrilled to be able to help British businesses keep growing.
“The on-going Brexit process will also require businesses to think strategically and tactically about how to navigate what is still an uncertain period.”
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The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
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In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
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