Natwest has pledged an extra £2 billion to help businesses prepare for Britain’s departure from the European Union.
The bank has set aside the money to help those businesses which rely on EU exports, labour or foreign exchange rates, saying it believes the funding will help nearly 2,000 of its customers.
Head of Commercial Banking Alison Rose says: “The on-going Brexit process will also require businesses to think strategically and tactically about how to navigate what is still an uncertain period ahead.”
She goes on to add that, in order to successfully navigate Brexit, businesses need access the right financing products so they can meet their short and longer term trade and working capital needs.
The SME sector contributes more than £200 billion a year to the UK Economy and this is set to grow to £240 billion by 2025*. Yet, without a vital cash injection, this vision will be severely hampered.
With demand for alternative finance likely to increase, what is essential is that SME’s choose a specialist adviser who can recommend the right financial products for their specific business needs.
Our partner business, BM Structured Finance, specialises in sourcing and restructuring debt finance for SME businesses. We match the most suitable products to each individual circumstance and work together to ensure compatibility and satisfaction, thereby enhancing the business’ cash flow liquidity and facilitating maximum growth.
Whether you are a startup or a well-established business, cash is king and managing its flow is crucial to your long-term success. For more information about how BM Structured Finance can help you and your business, contact Simon Belton or your usual Beavis Morgan Partner.
* Centre for Economics and Business Research