NatWest has partnered with business finance platform Swoop to launch a grant finder service for small- and medium-sized enterprises (SMEs).
The service, which is powered by Swoop and available on NatWest’s website, allows SMEs to search for grants to help support their businesses through the ongoing Covid-19 crisis.
The service connects businesses with grants via national schemes, local authorities, growth hubs, local enterprise partnerships and privately funded schemes.
NatWest said that the service, which is also open to businesses that are not existing customers of the bank, will allow companies to quickly and efficiently access tailored grant options.
The bank said after completing a simple questionnaire, applicants can review grants matched specifically to their business and can choose to apply directly or request assistance from Swoop.
“We know how challenging and unsettling this last year has been for the UK’s entrepreneurs and SMEs,” said Andrew Harrison, head of business banking at NatWest.
“The tenacity and resilience this group have shown in the face of so much uncertainty has been inspiring, and we’re pleased to have been able to help so many businesses access the funding they’ve needed, whether through our delivery of government schemes, or through more conventional lending.
“But we know borrowing isn’t right for all businesses at this moment in time, which is why we’re delighted to be working with Swoop to offer business leaders simple access to the vast array of grant funding currently available across the UK.”
“We’re thrilled to partner with Natwest to deliver this much needed solution to all SMEs across the UK,” said Andrea Reynolds, chief executive of Swoop.
“Our mission is to empower entrepreneurs to make the right financial decisions every day by bringing all their finance options together in one place, personalised to their specific business circumstance.
“Now more than ever SMEs need the right information at their fingertips. By combining the reach of Natwest with the power of Swoop’s advanced technology together we’re ensuring SME access to grants can support recovery and growth as we move into 2021 and beyond.”