Manufacturing Fund

We're supporting the UK manufacturing industry with £1 billion of new lending.

At NatWest, we understand that for an economy to thrive it needs to be built on investment in technology and innovation. That’s why, as part of our existing commitment to support UK businesses, we are specifically supporting the manufacturing sector by making £1 billion of new lending available. Companies will be helped to invest in growth through competitively-priced fixed rate loans which are interest-only for two or three years. You may repay some or all of the capital in the third year with the three year loan option

Manufacturing Fund – Fixed Rate Loan details

Our flexible loans are specifically designed to aid growth and are available for a range of purposes. Whether your loan is to fund capital expenditure, acquisitions or increase working capital, hopefully we can help.

• Loan Amount: £100,000 to £25 million.
• Flexible Terms: 2 year interest only or 3 year interest only with the ability to partially repay in year 3.
• Arrangement fee: 0.75% of the loan amount.

Fund availability

• The Fund will be made available on a staggered basis up to the total Fund amount of £1 billion.
• Each release of funds will be available for a fixed period, at a quoted interest rate, on a first come first served basis.
• If the full amount for a particular release is allocated earlier than its stated expiry date, no further funds will be made available as part of that release and customers will need to apply for funds in a subsequent release.
• The third release is available for drawing between 2 August 2010 and 1 November 2010. However, customers must apply for this release no later than 4 October.

Loan options:




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	Option 1	Option 2
Loan term	2 years	3 years
Arrangement fee	0.75%	0.75%
Capital repayment holiday	Two years	Up to three years
Option to repay capital during the term of the loan	No	Yes, but only in year three
Interest rate	Fixed rate 3.40%	Fixed rate 4.30%

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The overall cost for comparison is 3.8% APR for 2 years, 4.6% for 3 years.

• Amounts available for drawing, interest rates and drawing periods for subsequent releases will be announced in due course.
• £1 billion represents the total fund being made available across the RBS Group, across all releases

Terms & Conditions

• Available to eligible UK manufacturing companies of any size
• Lending is subject to demand, status and borrowers satisfying our credit criteria
• Loans must be drawn no later than 10 business days after the date the Agreement is signed by the Customer, and no later than the expiry date of the relevant release
• You will be required to pay interest quarterly throughout the term of the loan
• Upon maturity of the borrowing, any amount outstanding will need to be refinanced

Security may be required. Early repayment charges may apply during the fixed term period

Contact us

If you are an existing customer please contact your Relationship Manager, or if you are new customer, please call 0800 073 2029 or Typetalk 18001 0800 073 2029 for more information.

Over 18's only.