NatWest has today announced the launch of a new grant finder service in conjunction with Swoop, which will allow UK businesses to search for grants to help support their business deal with the ongoing impacts of the COVID-19 pandemic.
The bank wants to help provide SMEs with greater access to third party funding which is not in the form of debt, and via this new service, aims to help connect these entrepreneurs with grant providers such as National Schemes, Local Authorities, Growth Hubs, Local Enterprise Partnerships (LEPs) and privately funded schemes.
Read More: Datasite Completes Agreement to be Acquired by CapVest
Powered by business financing success story Swoop, the new platform will allow businesses to quickly and efficiently access tailored grant options. Following completion of a simple questionnaire, applicants can review grants matched specifically to their business, and can choose to apply directly or request assistance from Swoop. Applicants do not need to be existing NatWest customers to use the new service, which can be accessed through the bank’s website.
Andrew Harrison, Head of Business Banking, NatWest said:
“We know how challenging and unsettling this last year has been for the UK’s entrepreneurs and SMEs. The tenacity and resilience this group have shown in the face of so much uncertainty has been inspiring, and we’re pleased to have been able to help so many businesses access the funding they’ve needed, whether through our delivery of government schemes, or through more conventional lending.
Read More: GlobalFintechSeries Interview with Joshua Levin, Co-founder at OpenInvest
But we know borrowing isn’t right for all businesses at this moment in time, which is why we’re delighted to be working with Swoop to offer business leaders simple access to the vast array of grant funding currently available across the UK. Swoop is the only holistic source of third party grant options in the UK, and together we want to help more entrepreneurs than ever before grow, thrive and survive as we look forward to a brighter 2021.”
Andrea Reynolds, CEO of Swoop said:
“We’re thrilled to partner with Natwest to deliver this much needed solution to all SMEs across the UK. Our mission is to empower entrepreneurs to make the right financial decisions every day by bringing all their finance options together in one place, personalised to their specific business circumstance.
Read More: The Rising Online Consumption Curve in Latin America with the Pandemic – and What it Means for Fintechs