Floods affect homes and businesses in the village of East Cowick after River Aire bursts its banks (Image: Christopher Furlong/Getty)
As a result has announced a package of support to aid businesses that includes A £50 million Adverse Weather Fund for businesses, Access to Funding – 360,000 SMEs have pre-assessed lending limits which can be accessed via the Barclays app or online banking, 12-month capital repayment holidays on existing loans over £25,000 and increased or new overdraft facilities and other working capital solutions
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Ian Rand, Barclays Business Banking chief executive, said: “We want to ensure that SMEs and farmers are aware of the support that they can receive from their bank as we aim to help them with the devastating impact of the flooding.
“We’ll continue to work with local communities over the coming weeks and months through this difficult period, and would urge any customers that are worried about their business to get in touch.”
Ian Rand, Barclays Business Banking chief executive (Image: Barclays)
The bank continues to support personal customers living in impacted areas, with bank managers assisting homeowners, as well as offering advice on overdrafts, increasing credit limits and capital repayment holidays on existing loans.
For more information, customers can contact their Barclays relationship team, and visit here.