Barclays unveils £14bn fund for smaller businesses to deal with Brexit

Barclays has announced a £14 billion lending fund to help small businesses cope with Brexit.

The initiative includes business loans and overdrafts as well as a series of seminars across the country to give advice to small and medium-sized enterprises.

Barclays said it wanted to help firms prepare for leaving the EU, including exporting goods and staffing issues.

Jes Staley investigation
Barclays chief executive Jes Staley (Debra Hurford Brown/Barclays/PA)

Group chief executive Jes Staley said: “Barclays stands ready to help local businesses in towns, cities and rural communities, up and down the country, during this period of uncertainty.

“Today’s £14 billion fund, along with our broader package of support, shows our commitment to the local businesses that are the backbone of the UK economy.”

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