Bank Fund Offers £100m To Franchise Start-Ups

is4profit:

Would-be business owners seeking finance to become franchisees can apply for a dedicated bank loan, following the launch of a £100-million fund.

The joint NatWest and RBS fund is aiming to finance up to 1,800 new franchise businesses and 24,000 new jobs (based on typical start-up costs and franchisees typically employing around 13 staff).

“The [franchise] industry has shown itself to be virtually recession proof, so for the many people left out of work by the recession franchising is a great way to start up a business.” said NatWest and RBS chairman of small business, Peter Ibbetson.