1. ITV Report

Barclays launches £370m lending fund to boost Midlands businesses

Barclays is launching a new 'Midlands Growth Fund'. Credit: PA

Barclays has announced plans for a £370 million lending fund for small and medium-sized businesses across the Midlands.

It is hoped the Barclays Midlands Growth Fund will help boost jobs and economic growth in the region.

Smaller manufacturers, tech firms and those investing in innovation stand to benefit from the fund.

Barclays chief executive Jes Stanley said:

It is the entrepreneurs, the new tech firms, the small manufacturers, and the world-leading research and development companies, which will help the Midlands become a heartbeat of the UK economy - and Barclays is keen to play its part to make that happen.

– Jes Stanley, Chief Executive, Barclays