HSBC launches £15bn lending fund to help UK SMEs grow again
HSBC has unveiled a record £15 billion lending fund designed to boost and expand UK businesses internationally, meanwhile supporting key sectors in specific regions to drive investments, as the country is recovering from the pandemic. The bank allocated over £14bn of Covid-19 lending support to British business last year.
This year’s fund is seeking to help companies grow again, internationalize and contribute towards a sustainable future society.
The £15 billion lending fund includes the following opportunities for techUK members:
- Two-thirds of the fund will be allocated to specific regions to ensure companies throughout the UK are able to benefit
- A £2 billion ring-fenced pot for businesses that trade internationally
- A new additional fund for tech businesses worth £500m
techUK believes that initiatives like this will help tech businesses across the country accelerate post Covid-19 recovery and open up international opportunities to support the government ’s export-led growth strategy.
If members have further questions, please reach out to Jana Psarska, Policy Manager for International Trade ([email protected]).
Sabina Ciofu
Sabina Ciofu
Sabina Ciofu is Associate Director – International, running the International Policy and Trade Programme at techUK.
Based in Brussels, she leads our EU policy and engagement. She is also our lead on international trade policy, with a focus on digital trade chapter in FTAs, regulatory cooperation as well as broader engagement with the G7, G20, WTO and OECD.
As a transatlanticist at heart, Sabina is a GMF Marshall Memorial fellow and issue-lead on the EU-US Trade and Technology Council, within DigitalEurope.
Previously, she worked as Policy Advisor to a Member of the European Parliament for almost a decade, where she specialised in tech regulation, international trade and EU-US relations.
Sabina loves building communities and bringing people together. She is the founder of the Gentlewomen’s Club and co-organiser of the Young Professionals in Digital Policy. Previously, as a member of the World Economic Forum’s Global Shapers Community, she led several youth civic engagement and gender equality projects.
She sits on the Advisory Board of the University College London European Institute, Café Transatlantique, a network of women in transatlantic technology policy and The Nine, Brussels’ first members-only club designed for women.
Sabina holds an MA in War Studies from King’s College London and a BA in Classics from the University of Cambridge.
- Email:
- [email protected]
- Phone:
- +32 473 323 280
- Website:
- www.techuk.org
