Details of a new £1 billion lending fund for manufacturers have been unveiled.
Those in the manufacturing sector could soon find they have greater access to
business banking products.
NatWest and RBS have announced details of a specialist borrowing fund, allowing such companies to defer repayments on loans for as long as three years.
Organisations considering their use of
business accounts over the coming years may be interested to note that a total of £1 billion in new lending will made available from the lender, as numerous manufacturing customers claim they anticipate a rise in demand for their products over the course of this year.
And as Peter Ibbetson, chairman of business banking at NatWest and RBS, points out as many businesses are now looking to invest money, the organisation is keen "to send a clear message of support to them by creating a fund that is designed specifically to enable that investment".
Such comments come as David Kern, chief economist of the British Chambers of Commerce, claimed that recovery from the financial crisis will be at a "very modest pace".
Those assessing their
business bank account requirements may wish to take note of his comments that firms need to "make sure they have enough cash".
By Nate Sawyer