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Insider UK

Business

Peter A Walker

HSBC launches £1 billion fund to support Scottish SMEs

HSBC United Kingdom HSBC UK

HSBC UK has launched a £15bn lending fund today for small and medium-sized businesses (SMEs), with £1bn ring-fenced for Scotland.

The fund is a part of the bank's commitment to help British businesses to innovate, thrive and grow in the UK and internationally.

It includes specific funding for businesses trading internationally (£2bn), in agriculture (£1.2bn), the technology sector (£500m) and franchise businesses (£500m).

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