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Birmingham Post

Business

Alistair Houghton

HSBC launches £1.25bn fund for North West businesses

HSBC North West United Kingdom

Banking giant HSBC has announced a £15bn lending fund for SMEs- with £1.25bn ring-fenced for the North West.

HSBC says this year’s fund also includes ring-fenced funding for businesses trading internationally (£2bn), in the agriculture sector (£1.2bn) the tech sector (£500m) and franchise businesses (£500m).

Among the businesses to win funding through the HSBC UK SME Fund in 2021 was Manchester's ShinDigger Brewery. its six-figure funding package allowed it to expand its cold store premises and meet increased levels of consumer demand from across the UK.

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