The SME Charter
consists of 5 pledges, providing a framework for
finance providers to set out their specific commitments
to SMEs. Banks
and lenders who have set out their commitments and
therefore become signatories to the Charter currently
include:
- Aldermore
- Bank of Ireland
- Bank of Scotland
- Barclays UK
- Bibby Financial Services
- Close Brothers
- CYBG
- Funding Circle
- HSBC
- Lloyds Bank
- NatWest
- RBS
- Santander UK
- Secure Trust Bank
- Simply Finance
- Ulster Bank
- Ultimate Finance
Business Secretary of State said:
We set up the Business Finance Council to
give SMEs the
right tools and advice on the finance options
available to them.
Knowing that 17 of our banks and lenders have
committed to standing behind our brilliant British
businesses gives me great confidence, and I encourage
others to follow suit to set out their own
commitments too. We are helping to ensure
our SMEs are
well placed to seize the opportunities that Brexit
presents.
Economic Secretary to the Treasury said:
Our brilliant small businesses are the backbone of
the economy and we will make sure they get the
finance they need to continue growing, creating jobs
and boosting our economy.
It’s great to see financial providers coming together
today to set out how they will support these
businesses, and I call on others to follow this lead
and help our SMEs so
they can thrive through Brexit and beyond.
All 17 banks and lenders have agreed to the 5 pledges
outlined in the SME Charter,
as well as making their own additional commitments to
their SME customers.
Examples of specific commitments range from dedicated
funding pots for business and SME customers,
to local workshops and Brexit helplines with industry
experts. Visit the SME Finance
Charter page for further details.
