Natwest - Commercial Finance Update

Feb 23rd 2010

RBS/NatWest Manufacturing Fund

Some of you may have seen that RBS/NatWest Business and Commercial Banking has recently launched a new £1 billion fund to support the manufacturing sector.

The Bank and HM Government believe that further recovery in the UK economy will be partially driven by the manufacturing sector, particularly those taking advantage of the relatively weak value of sterling and looking to export. As a result the Bank has developed a fund to assist those strongly performing businesses that have opportunities to grow organically or by acquisition in this sector.

Please note all companies must be based in the UK.  

The Manufacturing Fund offers 2 very competitively priced Fixed Rate options, offering interest only options of up to 3 years.

Minimum Amount £250,000, Maximum £25m

Fixed Rates between 3.40% - 4.30% (Early Repayment Charges will apply)

Discounted Arrangement Fee 0.75% 

All requests must be from businesses evidencing ongoing viability and must be able to evidence serviceability of the debt. Such facilities cannot utilise the EFG scheme to secure the borrowing. 

The main benefit of this scheme relates to the very competitive pricing, particularly given the fixed rates as forecasts indicate increases in Base Rate from 2011.

 

If you are intereste please contact Homematch and we will introduce you persoanlly to the relevant person. 0115 9939600