A geographic breakdown of the bank’s funding figures have revealed that £31.3 million of finance from the UK Government’s CBILS programme has been given to businesses in Scotland since the bank started lending under the initiative on May 7.

The lender has provided an estimated 1,250 loans to Scottish firms.

A spokesperson from Starling Bank said: “The past few months have been extremely challenging for business owners in Scotland. Their companies will play a key role in creating jobs and securing economic growth as we recover from the Coronavirus pandemic so we are happy to have been able to help them.”

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