Government Lending Support
Providing support through government initiatives
When trading conditions are tough, your business needs all the support it can get. At NatWest, we’re committed to helping small and medium sized businesses meet the challenges of today’s economic climate – providing a range of government initiatives to help support you.
Here are just some of the ways we’re helping small and medium sized businesses during 2011.
Enterprise Finance Guarantee (EFG)
Launched by the Government in January 2009, the Enterprise Finance Guarantee (EFG) scheme supports us in lending to UK customers where traditional bank financing would not have been available due to a lack of security. It provides the Bank with a partial guarantee (75%) from the Government on borrowing, and means we are now able to offer qualifying businesses loans, overdrafts or invoice finance facilities of up to £1 million.
Borrowing supported by the EFG scheme can be used for a wide variety of purposes, including working capital and other business expenditure, and is available to a wide range of qualifying businesses.
Regional Growth Fund (RGF)
NatWest is proud to be supporting the Regional Growth Fund (RGF), an initiative created by the Department of Business, Innovation and Skills. The Fund has been established to support local economies, to encourage investment in the private sector, by safeguarding existing jobs and creating new jobs.
RBS Group have been allocated £70m from the Regional Growth Fund to provide support between 2011 and 2014 to qualifying Small and Medium sized Enterprises (SMEs) located in England (excluding London and the South East).
Security may be required. Product fees may apply. Over 18s only.
ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME,
MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A
MORTGAGE OR OTHER DEBT SECURED ON IT.
