Recognising the importance of high growth entrepreneurs to a vibrant economy, Barclays have developed a new proposition to enable these businesses to access bank financing at an earlier stage of their lifecycle. The team have leveraged an existing framework and adapted it to suit small companies with high growth potential at an earlier stage. The framework allows us to support entrepreneurs and small companies whilst helping them access vital capital to grow and create jobs to employ others. Small and growing businesses are increasingly playing a critical role in the UK economy and we are the first UK-based bank to have moved into this lending market. So far the team have completed 15 later stage loans and three earlier stage loans, with total lending over £60m.
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About Barclays:
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.
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