Financial boost for North Wales firms.SMALL and medium sized businesses in North Wales are tapping into millions of pounds in vital financial support. NatWest and Royal Bank of Scotland
The Royal Bank of Scotland Plc (Scottish Gaelic: Banca Rìoghail na h-Alba said that UK lending through the Government-backed Enterprise Finance Guarantee (EFG EFG Electric Field Gradient EFG Edge-defined Film-fed Growth EFG European Financial Group EFG European Federation of Geologists EFG Egyptian Financial Group EFG Epic Fail Guy EFG Earth Federation Government (Mobile Suit Gundam) ) scheme has reached pounds 149m. Under the scheme the Government guar-antee75% of any loans made, with the bank covering the remaining 25%. Bill Ratcliffe, NatWest/RBS managing director of Business and Commercial Banking in the North West and North Wales, said: "We have led the field in providing EFG funds to SMEs, with pounds 24m worth of loans either sanctioned or in the pipeline across our businesses in the North West of England The West of England is a loose term given to the area surrounding the City and County of Bristol, England. It is increasingly used - e.g. by the West of England Partnership - as a synonym for the former Avon (county) area. and North Wales, proof that awareness of the scheme is growing. "Overall demand within the region for funding under the scheme has come from the manufacturing sector. Demand has also been strong amongst the region's transport and distribution sector." |
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