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News > Fintech

TSB partners with SME network

Martin Greenland | 13:00 Tuesday 27th February 2018

TSB has teamed up with small business network Enterprise Nation to unlock the potential of UK SMEs through the power of digital.

The partnership will see TSB's existing business banking customers receive a free 12-month membership of Enterprise Nation from April 2018, as well as a 'digital MOT' to work out what advice and support they require to unlock their business's digital potential.

The SMEs will receive a digital voucher bundle worth up to £500, which can be used to fund advertising search credits, help build a website or purchase new technology.

The programme has the backing of some big brands, including Google, GoDaddy, Experian and Xero.

Richard Davies, commercial banking director at TSB (pictured above), said: “I've always been inspired by the capacity of small businesses to ride the economic waves, create jobs and serve local communities – but we know they are crying out for more support when it comes to embracing the digital revolution.

“Small businesses need banking partners who want to actively support them – with fresh thinking and new services – to unlock the true potential of small businesses and ultimately address the productivity gap that exists in the UK today.

“SMEs want the best of new technologies and business advisers to help them thrive – not the current status quo, which sees banks putting obstacles in their way and looking for ways to extract money from them.

“Solutions need to be personalised, not 'one size fits all', and this needs to happen right across the UK, not just in London.

“Enterprise Nation is helping us to develop and deliver quality, digital support and I'm delighted we can offer this to the small businesses and entrepreneurs that we serve.”

Emma Jones, founder of Enterprise Nation, believed that an initiative such as this was desperately needed.

“Small local firms are missing out dramatically on the benefits that digital know-how can bring, not just to sales, but to productivity.

“Offering vouchers that can be exchanged for digital services is inspired, and exactly what we need to see banks doing – recognising there is much more to be done to support businesses, and that their own local branches are far from redundant – in fact, they are the perfect venue from which to deliver important help.”

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