HSBC launches £14 billion fund for British SMEsChristian Fernsby ▼ | September 26, 2019
HSBC UK has launched a lending fund of £14bn to support small and medium-sized enterprises (SMEs) across the UK.
Topics: HSBC British
HSBC UK’s 2019 Fund is the largest to date from the company. It comes with increased ring-fenced pots for global businesses and also for the agriculture sector.
The bank said that the allocation for international business has been increased two times to £2bn this year to help companies expand overseas, while the agriculture pot has been increased from last year’s figure of £300m to £1bn.
HSBC UK expects regional allocations in England, Wales, Scotland and Northern Ireland to ensure that firms across the country can make use of the fund. ■