HSBC has unveiled a £15 billion lending fund for UK SMEs. This national fund is part of HSBC commitment to support SMEs that may be struggling with Cost of Living challenges including Cost of Living customer webinars, a new Financial Worries and Wellbeing Hub and support for customers showing early warning signs of financial difficulty.
The bank, which this March acquired struggling Silicon Valley Bank UK in March for just £1, said the HSBC SME fund will look to lend up to £3 billion to small companies in London, with £3.3bn to firms in the North and £2.7bn earmarked for the Midlands.
