BARCLAYS LAUNCHES £15BN FUND TO HELP SMALL BUSINESS THROUGH BREXIT
March 28th, 2019.



Barclays has announced a £14.7 billion lending fund to help small and medium-sized businesses (SMEs) negotiate Brexit and beyond.


The Barclays Brexit fund, which is a three-year commitment, will offer the following:

– Business loans, commercial mortgages and overdrafts up to £250,000 working capital

– Cash flow funding for investment in growth, management buy-outs and business acquisition

– Loans for innovative businesses looking for growth funding, capital and environmental investment

The fund will take advantage of the government-backed Enterprise Finance Guarantee programme, which is designed to promote lending to small business by offering guarantees supported by the British Business Bank.

Businesses with a turnover of up to £25 million will be eligible to borrow from the £15 billion debt fund.

In addition, Barclays will be running over 100 SME Brexit clinic and seminars across the country. Seminars will help SMEs think about managing cash-flow and working capital, exporting goods abroad, labour, supply chain management, and broader issues of preparedness.


For the full story at growthbusiness.co.uk CLICK HERE.