Manufacturing Fund
We're supporting the UK manufacturing industry with £1 billion of new lending
At RBS, we understand that for an economy to thrive it needs to be built on investment in technology and innovation. That's why, as part of our existing commitment to support UK businesses, we are specifically supporting the manufacturing sector by making £1 billion of new lending available. Companies will be helped to invest in growth through fixed rate loans which are interest-only for the first two years.
Manufacturing Fund - Fixed Rate Loan details
Our flexible loans are specifically designed to aid growth and are available for a range of purposes. Whether your loan is to fund capital expenditure, acquisitions or increase working capital, hopefully we can help.
- Loan Amount: £250,000 to £25 million
- Flexible Terms: Two years interest-only and thereafter loans are to be paid in accordance with a schedule agreed at the outset. Any amount outstanding at the end of the term will need to be refinanced.
- Arrangement fee: 1% of the loan amount
Fund availability
- The Manufacturing Fund will be made available on a staggered basis up to the total Fund amount of £1 billion.
- Each release of funds will be available for a fixed period, on a first come first served basis.
- If the full amount for a particular release is allocated earlier than its stated expiry date, no further funds will be made available as part of that release and customers will need to apply for funds in a subsequent release.
- The seventh release is available for drawing between 1 March 2012 and 29 June 2012. However, customers must apply for this release no later than 15 June 2012.
Loan options:
| Option 1 | Option 2 | |
|---|---|---|
| Loan term | 3 years | 5 years |
| Arrangement fee | 1% | 1% |
| Capital repayment holiday | Minimum two years | Minimum two years |
| Fixed interest rate | 3.95% | 4.80% |
The overall cost for comparison is 4.45% APR for 3 years, 5.13% APR for 5 years.
- Amounts available for drawing, interest rates and drawing periods for subsequent releases will be announced in due course.
- £1 billion represents the total fund being made available across the RBS Group, across all releases
Terms & Conditions
- Available to eligible UK manufacturing companies of any size
- Lending is subject to demand, status and borrowers satisfying our credit criteria
- Loans must be drawn no later than 10 business days after the date the Agreement is signed by the Customer, and no later than the expiry date of the relevant release
- You will be required to pay interest quarterly throughout the term of the loan
- Early repayment charges may apply during the fixed term period
- Upon maturity of the borrowing, any amount outstanding will need to be refinanced
Security may be required. Product fees will apply. Over 18s only.
ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT.
Contact us
If you are an existing customer please contact your Relationship Manager, or if you are a new customer, please call 0800 138 4418 or Typetalk 18001 0900 138 4418 for more information.
