February 07, 2011
Share Article | Submit Comments | Printable Version Previous | Next
A £100m loan fund to boost growth in the franchise industry was unveiled today by NatWest and Royal Bank of Scotland.
The money will be able to support up to 1,800 new and growing franchise businesses and 24,000 jobs nationwide, based on typical start-up costs.
The fund offers reduced fees of one per cent and 12-month capital repayment holidays. New franchises will benefit from two years’ free banking.
Tom Kelly, managing director of NatWest commercial banking in the north west, said: “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.”
A 2010 survey by NatWest and the British Franchise Association showed the industry’s combined turnover in the north west was £1.3bn. Nationally, there are around 35,000 franchisees employing more than 450,000 people with turnover of £11.8bn.
The survey also found the number of female franchisees had grown by 86pc in the last seven years.
You might also like
Women in Property: Who Are Our Female Franchisees?
Upload on March 5, 2020 by Ashley SalekThere are plenty of women in property who are making a splash in the rental and property sectors. Last year, to celebrate International Women’s Day, we turned a spotlight onto some of our most successful female franchise owners. This year, we’re showcasing the breadth of female talent we have across our network. Let’s get to [...]
READ MORENo Letting Go Wins Gold at the AFA Franchisee Awards!
Upload on September 26, 2019 by Ashley SalekWe’re delighted to announce that one of our franchise owners has recently won gold at the AFA franchisee Annual Awards. By injecting a youthful energy into his business, Dan Procter has built up a strong team who have been impressing their clients with their professional, yet personal property inventory services. Find out what the award [...]
READ MOREBest Letting Agents London: Find Your Local Firm
Upload on July 5, 2019 by Ashley SalekIf you’re a landlord looking for a trusted letting agent in London, we might be able to help. We understand the importance of leaving your investment in safe hands and work with a wide range of property specialists in London and across the UK. No Letting Go help letting agents and property businesses streamline their [...]
READ MOREProperty Inventory London: Find Your Local No Letting Go Branch
Upload on June 18, 2019 by Ashley SalekDo you own or manage property in the London area? Whether it’s a single rental property or a large portfolio of flats and houses, it helps to have a professional team behind you ensuring things run smoothly. With over 65 UK offices, we offer professional property inventory services throughout London and the surrounding areas. Looking [...]
READ MOREGet in touch today
Supporting you and protecting your property are our top priorities.
Get in touch and let us know how we can help.