Barclays backs UK SMEs through Brexit with a package of support including a £14bn lending fund
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. Focused on building SME resilience during uncertain times, 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 interventions are designed to help SMEs think about managing cash-flow and working capital, exporting goods abroad, labour, supply chain management, and broader issues of preparedness.