HSBC promises an extra £500m

HSBC has earmarked an extra £500m for small business lending in the North West on the back of positive growth figures.

The bank said it has assessed 39 separate forecasts of GDP and investment, as well as the findings of four leading business barometers and wants to match demand for capital from growing businesses.

Its Business of Growth report predicts a 7.1% increase in business investment in machinery, premises and other equipment.

The North West package is part of £6bn of new lending it is mak... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...