<
p>Barclays is teaming up with Google for Work to launch a pilot lending programme to support UK SMEs.
Barclays has become the first UK bank to participate in such a programme and is looking to give eligible Google for Work partners access to low interest financing which will allow them to expand.
Matt Tuck, Head of Global Corporate Banking at Barclays, said the programme will give SMEs the chance to invest and grow.
“I am pleased that we are able to partner with Google for Work to provide this innovative financing solution that will help smaller businesses accelerate their expansion,” said Matt.
“We look forward to exploring how we can further work with our global corporate clients to support sustainable economic growth in the UK by identifying new ways to help smaller companies prosper and develop.”
James Doggart, CEO of Cloud Technology Solutions UK, a partner of Google for Work, said the fund was a great example of how Google was investing in its premier partners.
“Funding is a limited factor to growth, but it's a double edged sword: funding needs to be affordable and growth needs to follow fairly quickly,” said James.
“We have seen our UK Google business double in the last 12 months, so believe the time is right to accelerate that further. The lending programme allows this to happen, we are able to invest in areas and markets now rather than having to wait.”
Another Google for Work partner, Netpremacy UK, said an important feature of the programme is that it enables sustainable growth.
“The initial investment will support our increase in headcount within our strategic account teams providing greater customer reach and awareness,” said Michael Carter of Netpremacy UK.
“Under a second phase we will expand our service teams, maintaining a consistently high quality customer experience.
“The programme strengthens a deep relationship between Netpremacy/AppsCare and Google, whilst facilitating growth.”
Barclays is teaming up with Google for Work to launch a pilot lending programme to support UK SMEs.
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