HSBC launches £350m lending fund for Cumbrian SMEs
HSBC has announced a £350m lending fund to help support Cumbrian SMEs.
High-street bank HSBC has announced a £350 million lending fund to support small and medium-sized enterprises based in Cumbria and across the North-East.
Scott Solberg, HSBC UK’s regional corporate banking director for the North, said: “The launch of this year’s fund shows our commitment to support the growth aspirations of SMEs across Tyne Tees and Cumbria."
"This fund is all about helping businesses like to take new opportunities and grow and we want to reassure them that we’re here to support them achieve their goals.”
Amanda Murphy, head of commercial banking at HSBC UK, added: “Our SME fund will help companies seize new opportunities for growth at home and overseas.
"We see it as our responsibility to be there for our customers whether conditions are benign or challenging. This year’s fund is therefore part of a broader range of initiatives that we have in place to support British business as they navigate Brexit in a fast-changing world.”
Find out more about the fund on the HSBC website.