UK Lenders Step up with £11 Billion Push to Back British Businesses

Major banks agree to £11bn SME lending package

Major banks HSBC, Barclays, NatWest, Lloyds and Santander have agreed to commit £11bn of capital to a government-led lending package to help UK businesses grow and expand abroad. The package was agreed at a roundtable conversation in Westminster attended by executives from the banks. The Department for Business and Trade said that the capital would in particular support small and medium-sized enterprises that aim to grow overseas. “Strengthening…

UK lenders step up with £11 billion push to back British businesses

UK banks agree £11 billion lending packages to support small business growth, particularly for small and mid-sized enterprises.   Money will help firms invest, hire and expand into new international markets, taking advantage of major new trade deals.

UK Businesses Set to Benefit from £11bn Export Lending Boost

UK businesses are set to receive a major boost after five of the country’s largest banks committed a combined £11 billion in new lending to help firms invest, export, and expand into international markets. The move, finalised on 26 January in Westminster, marks one of the biggest collective actions by the UK banking sector in more than a decade and signals strong confidence in the long-term strength of the British economy. The agreement was reac…