Barclays announces £14bn fund to help UK SMEs through uncertain times
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.