Allied Irish Bank targets Scottish businesses with launch of four sector focused lending funds

Allied Irish Bank is launching £2 billion of lending funds for medium to large sized businesses across the UK seeking finance for growth.

Four £500 million funds will be available for businesses in the key economic growth sectors of manufacturing, healthcare, hotels & hospitality and professional practices.

The bank’s Regional Director in Scotland says he believes many businesses in these sectors here are well placed to benefit.

These funds have been launched in response to feedback from customers in these sectors who are anticipating growing demand in 2018 and beyond.

The funds will provide a full range of financing options designed to help those businesses invest and ensure they are poised to take advantage of new opportunities and contribute to economic growth.

The bank has ring-fenced funds specifically to offer competitively priced finance and full banking facilities with best-in-class relationship driven service to established, growing businesses.

Billy Macleod, regional director for Scotland at Allied Irish Bank (GB) said: “Allied Irish Bank (GB) is a niche commercial bank with recognised expertise in its chosen sectors and markets. Our customers and partners continue to tell us that understanding their businesses and the sectors in which they operate is very important to them. We are delighted to align that well regarded sector expertise and knowledge with these bespoke lending funds to support our customers as they continue to develop long term sustainable businesses.”

“These are sectors with strong players in Scotland, many of whom we are already privileged to work with. I hope that businesses here take advantage of this initiative and I am sure a significant number will benefit from these funds to help them achieve their ambitions this year.”

Allied Irish Bank (GB) said its lending funds are open to the following: