It is exciting to hear that HSBC has established a £15 billion lending fund to help small and medium-sized enterprises (SMEs) innovate, grow and achieve their future goals.
The fund, which includes over £10 billion of specific regionally focused allocations, will seek to ensure that companies throughout the country can benefit, supporting regional economies, employment opportunities and driving growth.
For those companies exploring opportunities overseas, there is a ring-fenced pot for international businesses of £2 billion. £1.2 billion has been set aside for the agriculture sector, £500 million for the technology sector and £500 million for franchise businesses.
SMEs in the UK, whether they are a start-up or established business, focused either on the domestic market or looking to trade internationally, may apply. Applicants do not need to be an HSBC customer to qualify.
Applications can be made at any time.
Do make contact with my office if you have any questions about this and my team can assist with the process!
Telephone: 01978 291742
Email: sarah.atherton.mp@parliament.uk
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