- Cynergy Bank has submitted an application for a £10m grant from Pool B of the Banking Competition Remedies (BCR)
- The scheme set up to foster competition in UK banking as part of RBS’s response to EU state aid requirements
- The funds will accelerate and broaden Cynergy Bank’s programme to enhance its SME customer proposition
- Cynergy Bank will create the UK’s first digital relationship bank for this vital and underserved section of the economy
- Cynergy Bank will develop a Business Current Account with ancillary products and services to support a much-neglected section of the market
- The UK comes third in the OECD start-up index but ranks just thirteenth when it comes to scale-ups
