Banking giants NatWest and Royal Bank of Scotland have loaned more than £11.36m to businesses in Huddersfield since the government’s Funding for Lending scheme was introduced in August last year.
Nationally, the two banks have allocated £4.3bn of discounted FLS loans to 25,000 small and medium-sized enterprises in that time.
This summer, the banks announced an independent lending review to identify what else NatWest and RBS could do to help back British businesses and further support the UK economy.
Tony Kelly, NatWest managing director for commercial banking in the North of England. said: “We are a year into FLS now and I’m really pleased our fee free lending offer has helped so many local businesses.
“We want to do more and I would urge local SMEs to log on and provide their valuable insight to the independent lending review.
“We're challenging ourselves to do more to support business and the economy, but it is through this direct and honest feedback that we will be able to examine all aspects of our lending policies.”
