Barclays scheme to lift small businesses

Barclays is looking to lift small businesses with a new scheme to encourage investment, it was announced today.

The bank hopes a cashback scheme for flexible asset finance, facilitated by the Uk-government owned British Business Bank, will encourage small and medium-sized enterprises (SMES) to invest in vehicles, equipment and machinery.

Jamie Grant, head of corporate banking for Barclays in Scotland, said: “We want to help Scottish SMES grow more quickly.

“By collaborating with the British Business Bank we can now offer cashback to clients, boosting their cashflow and encouraging them to invest in assets that will drive their business forward.”