CYBG PLC, owner of Clydesdale and Yorkshire Banks, is making a minimum of £6 billion of lending available from 2017 to 2019 to help fuel the growth of small and medium sized businesses in the UK. The Bank’s long-term commitment to lending includes significant amounts of finance available across the UK economy through 2017.
£1 billion available to support the day-to-day finance needs of SMEs.
£350 million targeted at providing facilities for medium sized businesses seeking finance for growth up to £200 million in lending available to SMEs in the agriculture sector supporting the UK’s rural economies.
£650 million available to support our other key sectors that provide lending for major property purchases, financial services and the UK’s industrial base.

What businesses want:
The survey also indicates that of those SMEs seeking finance from a bank:
24 per cent intend to use the finance to hire new staff
20 per cent plan to invest in new infrastructure or capital equipment
20 per cent plan to buy or refurbish premises
18 per cent would use new finance for working capital
9 per cent say they would invest in Research & Development.

Read more at: http://smallbusiness.co.uk/smes-challenges-access-finance-banks-2537961/