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HSBC expands technology scale-up lending by £100 million

December 28, 2023

HSBC UK expands ‘Growth Lending’ fund from £250M to £350M due to increased demand from high-growth tech scale-ups.
Fund launched in response to the UK Government’s call for additional investment in the tech sector.
Scale-ups seeking funding need strong equity backing, a proven sales track record, and a clear path to profitability.
Up to £15M available for early-stage growth ambitions.
HSBC offers international expertise to support businesses in achieving global ambitions early in their journey.
In the first year, Growth Lending supported regional economies, with 50% of deals outside London.
Roland Emmans, head of UK tech sector at HSBC, emphasizes the commitment to enhancing the tech ecosystem in the UK.