29 January 2021

NatWest adds $1bn to female entrepreneurship fund  

Written By FinTech Alliance in SME

NatWest adds $1bn to female entrepreneurship fund  

NatWest has announced it will double its funding to support female-led business, to a total of $2bn.  

In Brief:  

  • This comes after £1bn was initially announced in January 2020.  

  • It also wants to create an additional 35,000 new businesses in the UK by the end of this year.  

  • The extra support has been added in the wake of Covid-19 and its economic impact.  

What does this mean?  

NatWest aims to help female entrepreneurs scale and grow their businesses – and even the 35,000 additional news businesses its committed to supporting will focus on underrepresented groups. The bank says that the demand from female-led businesses has already exceeded the initial £1bn commitment in under 12 months given the impact of Covid-19.  

Read more here.    

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