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Metro Bank pledges £1bn to assist UK businesses

Martin Greenland | 17:00 Wednesday 28th February 2018

Metro Bank has promised to ring-fence a further £1bn of funds to support UK businesses.

This is the second year running that the challenger bank has committed to supporting UK businesses with last year's funding used to allow thousands of companies to expand, recruit and innovate.

Metro said it understood how important access to finance was to all organisations and that by avoiding a 'computer says no attitude', it took a commonsense approach to lending.

Craig Donaldson, CEO at Metro Bank (pictured above), said businesses were at the very heart of the UK economy.

“…Yet they remain underserved and undervalued by the big five banks, who revel in holding over 80% of the business account market,” Craig claimed.

“They deserve far better service than they currently receive.

“With the business landscape rapidly changing, unlocking opportunity for growth and innovation, more than ever before businesses need to know that their lender is on their side, supporting them at every step.”

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