Further good news for businesses based in the North, as banking giant Barclays announces the launch of a new £500 million growth fund for small and medium-sized enterprises as part of its commitment to supporting the Government’s Northern Powerhouse initiative.
The new fund aims to inject investment into SME’s across the region with favourable terms for manufacturing, transport and logistics, with the focus of enabling them to grow and create jobs.
Rob Shaw, managing Director at Glu Recruit said: “The Northern Powerhouse, if delivered, will enable the whole country to tackle economic challenges head on, whilst growth opportunities and creative more pathways into work.
“This new fund is brilliant news for Northern SMEs; businesses who received funding will gain valuable support on day to day cashflow, expansion and investment for growth.”