Barclays backs small businesses with £14bn lending fund
Barclays has announced a £14bn lending fund, as part of a series of initiatives to help small & medium-sized businesses (SMEs) to succeed and flourish through Brexit and beyond.
The package of support includes:
* A £14bn dedicated lending fund for the businesses that are the lifeblood of the UK economy (turnover of £0-£25 million)
* More than 100 SME Brexit clinics and seminars being run in local communities across the country
* An established network of on-the-ground relationship management experts and industry specialists, based across the UK
These interventions are designed to help SMEs think about managing cash-flow and working capital, exporting goods abroad, labour, supply chain management, and broader issues of preparedness.
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