A £1.1bn lending fund has been launched by HSBC to support small and medium-sized enterprises (SMEs) in the West Midlands.
HSBC UK’s SME Fund, part of a wider £12bn SME fund for businesses across the UK, enters its fifth year with a £2bn increase on last year, making it the largest to date.
The fund has increased by £100m since 2017 in the West Midlands.
Martin Hanson, HSBC regional director for business banking in the West Midlands, said: “This latest fund highlight’s HSBC UK’s unwavering commitment to supporting the growth of SMEs right across the West Midlands, no matter whether they’ve just started out or are an already established business […]”
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