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Enterprise

More opportunities for business and enterprise

At NatWest Group, we’re the biggest supporter of UK businesses. As a major lender, we offer a wide range of services to people who want to start a business or scale-up. We’re committed to remove barriers, provide more opportunities and help companies grow.

On a visit to NatWest-backed London restaurant Darjeeling Express, CEO Alison Rose discussed some of the issues facing female-led businesses with owner Asma Khan and some local entrepreneurs - watch video:

How do we make a difference?

We commit to:

  • Help create 50k incremental new businesses across the UK by 2023
  • Support over half a million people to consider entrepreneurship as a career option
  • Focus much of our support on people and communities, who traditionally face the highest barriers to entry

Out of all the people we inspire and support, we aim to ensure that:

  • 75% are based in regions outside London & South East
  • 60% are female
  • 20% are BAME (Black, Asian, Minority Ethnic)
  • 10% are social purpose-led

More help for businesses in response to Covid-19

For the remainder of this year we’ve set the following commitments in response to the Coronavirus pandemic. Together, we’ll support:

  • Over 250,000 businesses to survive/thrive during Covid-19 – through putting in place 1 million support interventions by the end of the year
  • More new business start-ups during 2020 ­– through putting in place 750,000 start-up interventions improvement processes

Better and fairer opportunities for everyone

We’re going the extra mile to help people and that includes those who traditionally face the most obstacles to business growth. For example, we’ve already created over 500 Women in Business specialists throughout the UK. Look how we’ve:

  • Led ‘The Alison Rose Review into Female Entrepreneurship’ in partnership with HM Treasury and Department for Business, Energy, Industrial Strategy & Skills. The aim was to identify the reasons behind the disparity between start up rates for male and female entrepreneurs. More about The Alison Rose Review
  • Supported almost 19,000 entrepreneurs through our Business Builder programme and Accelerator Hubs based in 12 locations around the UK. More about Business Builder
  • Launched a dedicated £1 billion fund to provide loans to female-led businesses of all sizes. More about our female-led businesses
  • Partnered with Crowdfunder to launch Back Her Business to help female entrepreneurs raise capital whilst providing free mentoring, coaching and a broader network to tap into. More about Back Her Business
  • Launched our Dream Bigger initiative, then extended the programme to be offered digitally, encouraging young women in UK secondary schools to consider STEM subjects and Entrepreneurship as a career option.  More about Dream Bigger
  • Supported UK enterprise with over £9billion of lending across the three main government schemes
  • Migrated our 12 entrepreneur accelerators hubs to digital channel delivery, with a 1,150 cohort in April – that’s 46% female, 20% BAME
  • Launched The Prince’s Trust and NatWest £5m Enterprise relief fund, with 9,000 expressions of interest to date
  • Bank-supported charity, Social & Community Capital, launched a £1m Coronavirus Response Fund to offer grants to social enterprises

Starting and growing a business can be tough

In the current economy, you might think that starting or growing a business is harder than it needs to be. We can make a real difference by taking away tough and unnecessary barriers that get in the way of your drive and ambition. We’ll show you a clear path ahead.