Clydesdale Bank

Clydesdale Bank 'Go Ape' with new CBILS funding

Go Ape, the UK outdoor adventure company and visitor attraction has secured funding from the Coronavirus Business Interruption Loan Scheme (CBILS) through Clydesdale Bank, owned by Virgin Money, to help it through the economic impact of the coronavirus crisis.

Published 12 June 2020

Rakkaus Furniture Ltd secures CBILS loan from Clydesdale Bank

Rakkaus Furniture Ltd, a Kilmarnock-based commercial furniture provider, is one of the first businesses to benefit from the Coronavirus Business Interruption Loan Scheme (CBILS) through Virgin Money-owned Clydesdale Bank.

Published 13 May 2020

Clydesdale Bank halts rebrand and closures as it prepares for losses stemming from coronavirus pandemic

David Duffy, the owner of Clydesdale Bank, has halted plans to change bank branch names to Virgin Money as it made provisions for higher losses on loans in light of the coronavirus outbreak. 

Published 7 May 2020

Clydesdale Bank branch closures postponed

Virgin Money, formerly known as Clydesdale Bank, has announced that it will not proceed with the branch closures and job cuts announced in February, as a result of the current situation with COVID-19.

Published 1 April 2020

GlenAllachie Distillers secures £30m loan from Clydesdale Bank

The GlenAllachie Distillers Co. Limited has secured a £30 million asset-based lending package from Clydesdale Bank, thanks to support from the new Scottish arm of Belfast-based finance specialists HNH.

Published 11 March 2020

Age Scotland: Bank closures will hit older vulnerable customers hardest

Age Scotland, the national charity for older people, has warned that the latest Clydesdale Bank and Virgin Money closures risk creating banking deserts across Scotland.

Published 3 March 2020

Jim Pettigrew announces retirement from Virgin Money

Clydesdale Bank owner Virgin Money has begun its search for a new chairman after Dundee-born financial services veteran Jim Pettigrew announced his plans to retire by September 2021.

Published 24 January 2020

R&W Scott secures £500k funding boost from Clydesdale Bank

Lanarkshire-based food manufacturer R&W Scott has agreed a new £500,000 funding package with Clydesdale Bank to assist with its future investment plans following a management buyout in 2018.

Published 28 November 2019

Virgin Money to open new branches as it completes Cydesdale Bank phase-out

The first tranche of Virgin Money branches will open next month as the company phases out the Glasgow-headquartered Clydesdale Bank brand.

Published 27 November 2019

Clydesdale Bank provides £7.5m in funding to boost expansion and growth for Caldive Ltd

Caldive Ltd has used £7.5 million in funding from Clydesdale Bank, alongside its own capital, to acquire a 33-metre renewable services workboat which will significantly boost the company’s capacity to service clients in the renewable energy sector.

Published 15 November 2019

Clydesdale Bank's shares rise as Virgin Money UK phase-out begins

The initiation of the phase-out of Clydesdale Bank (CYBG) to Virgin Money UK has resulted in a 6% increase in CYBG's shares.

Published 22 October 2019

Clydesdale Bank heads £12.75m refinancing deal for Scottish and Welsh care home provider

H&H Care Homes Limited has agreed a £12,750,000 deal with Clydesdale Bank to refinance debt on three of its largest care facilities, as part of wider plans for new expansion.

Published 8 October 2019

Clydesdale Bank to close former Virgin Money office in Edinburgh and cuts 330 jobs

Clydesdale Bank owner CYBG has announced that it will close the former Virgin Money HQ in Edinburgh.

Published 25 September 2019

Clydesdale Bank appoints new UK-wide head of agriculture

Clydesdale Bank has announced the appointment of Brian Richardson as UK-wide head of agriculture.

Published 3 July 2018

Clydesdale backs Reactec with £900,000 package

A leading Edinburgh technology firm is targeting further growth following agreement on a new £900,000 funding package from Clydesdale Bank.

Published 1 September 2016