Royal Bank of Scotland Re-Launches Enterprise Programme
The Royal Bank of Scotland has today relaunched its enterprise programme to boost its support for scale-up businesses, as well as climate, fintech, and B-Corp focussed businesses.
The free programme is open to applications from all Scottish SMEs from today, for businesses who will join the programme in June.
Throughout its network of accelerator hubs across Scotland and the rest of the UK, RBS and its parent brand NatWest will support over 1,400 businesses at different stages of growth through the programme, with a particular focus on scale-ups - businesses that grow their turnover or employment by more than 20% each year.
RBS now also commits at least 25% of space on the programme to climate-focused businesses whose main objective relates to environmentally sustainable practices, building on its sponsorship of the forthcoming UN COP26 climate summit, to be held in Glasgow in November.
The relaunch follows recent findings from the bank’s report into SME recovery in the UK, which found that transforming a greater proportion of SMEs into ‘scale-ups’, and driving a shift towards sustainability were two priorities which, if addressed, could help unlock £140bn of economic growth by 2030.
In addition, the bank has created a series of new roles in Scotland to ensure these businesses are given appropriate, tailored support.
The new Local Enterprise Managers, Regional Ecosystem Managers and Entrepreneur Acceleration Managers will give businesses the guidance they need through expertise, coaching and networks that are relevant to their location and sector.
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