MEMBERNEWS


HSBC launches fund to support growth of SMEs


Chamber member HSBC UK has launched a £12bn lending fund to support SMEs in the UK, as part of its broader commitment to helping British businesses realise their ambitions for growth. Now entering its fifth year, HSBC UK’s dedicated SME Fund 2018 is the


largest to date – increasing £2bn on last year after the 2017 fund was fully utilised by British businesses seeking to expand. The SME Fund 2018 is double the first SME Fund of


£6bn – launched by HSBC in 2014 – and brings total funds committed to SMEs over the five years to £46bn.


Amanda Murphy (pictured, inset), Head of


Commercial Banking at HSBC UK, said: “Many SMEs in the UK are ambitious, entrepreneurial and ready to expand. After the success of last year, this increased SME Fund 2018 will help more businesses plug the gap between ambition and reality, supporting their growth. We are committed to help British businesses innovate, evolve and grow. “British companies are optimistic about their trade


growth prospects but it’s important they can get the finance they need to achieve it. With this in mind, we have set aside £1bn of the fund to support international businesses in the UK. We cover more than 90% of global trade and capital flows and are uniquely placed to help these businesses trade overseas.” HSBC research revealed that over two-thirds (72%) of UK businesses expect their cross-border trade to increase this year.


‘We are committed to help British businesses innovate, evolve and grow’


business network October 2018


15


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84