Natwest and RBS Launch £100M Franchise Fund

Natwest and RBS Launch £100M Franchise Fund to kickstart growth and create jobs.

• Fund offers reduced fee of 1% and 12 month capital repayments holidays.
  
  
• Fund creates opportunity for 24,000 new jobs in the UK – potentially 3,840 in London over 4 years.
  
  
• Research shows attractive growth in sector with 9 out of 10 franchises remaining profitable in recession*

Recognising the potential for new and growing firms in the franchise industry, NatWest and RBS are making £100 million of new loans available to the sector with discounted fees. The fund could finance up to 1,800 new franchise businesses and 24,000 new jobs (based on typical start-up costs and franchisees typically employing around 13 staff). Based on London’s share of the UK market this could mean potentially 3,840 jobs created over the next four years. New franchises will also benefit from 2 years free banking.


Peter Ibbetson, chairman of small business, NatWest and RBS said:

“Everybody wants to see banks funding business growth, as well as helping new businesses get off the ground to create jobs – this is exactly what this fund will deliver. The industry has shown itself to be virtually recession-proof, so for the many people left out of work by the recession franchising is a great way to start up a business – plus they get the support of a big brand behind them.”

View the full press release


Businesses can talk to the NatWest and RBS dedicated franchise teams, call the number below, or visit the following websites for more information:

Tel: 0800 092 9117

www.natwest.com/franchise or www.rbs.co.uk/franchise