Barclays announces ￡14bn fund to help UK SMEs through uncertain times
Barclays announced a ￡14bn fund to help SMEs handle Brexit. Source: shutterstock.com
Barclays has announced a ￡14bn lending fund as part of a series of initiatives to help small and 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 initiatives are designed?to help SMEs think about managing cash-flow and working capital, exporting goods abroad, labor, supply chain management, and broader issues of preparedness.
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