£95M Bank Fund For Business via Regional Growth Fund

Hundreds of small businesses will be given £95 million as part of a bank fund to “boost growth” and “rebalance the economy”.

David Cameron said the funding was expected to create 4,000 jobs and “unlock” around £500 million of new investment by small and medium businesses (SMEs).

According to Mr Cameron’s announcement, RBS, NatWest and HSBC have agreed to facilitate the distribution of the £95 million – which is part of the government’s Regional Growth Fund. RBS and NatWest will facilitate £70 million and HSBC will facilitate £25 million.

Read more: http://www.4ni.co.uk/northern_ireland_news.asp?id=134935

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