On January 14, Royal Bank of Scotland announced to TM the launch of a £1bn fund dedicated to UK-based manufacturers, the first fund of its kind. Edward Machin reports.
Designed in conjunction with NatWest, and aimed at kick-starting growth in a traditionally underfinanced sector, the interest-only loans will be made available via a series of releases, for periods of two or three years, with the first release carrying fixed rates of 3.4% and 4.3%, respectively. Manufacturers borrowing across three years will have the option…
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