Nat West RBS – fund for franchisees

Peter Ibbetson, chairman of small business for NatWest and RBS says: "Everybody wants to see banks funding business growth, as well as helping new businesses get off the ground to create jobs - this is exactly what this fund will deliver. The industry has shown itself to be virtually recession-proof, so for the many people left out of work by the recession franchising is a great way to start up a business - plus they get the support of a big brand behind them."

In the current econonic climate franchisees have grown their businesses whilst the rest of the economy has reduced.

Brian Smart, director general of the BFA comments: "The fund is a great way to encourage new entrants into this vibrant sector. The UK Franchise industry has performed well in recent years and we welcome the further investment to build on this momentum."

The RBS/NatWest Franchise Fund: Key points

 Loans of up to 70% for new franchise businesses

 Two years free banking for new franchises

 Reduced fee of 1%

 Up to 12 months of capital repayment holidays

 Loans for existing franchise businesses

 Access to an unlimited expertise from the dedicated RBS/NatWest franchise team

If your thinking of starting a franchise business please contact Richard Dare so you can discuss the opportunities available to you for funding.