Category Archives: Finance and Banking

NatWest rolls out Mastercard Business Savings^TM to business debit cardholders

NatWest has extended access to Business Savings from Mastercard to NatWest, RBS and Ulster Bank business debit card customers.

Business Savings is a merchant discount programme provided by Mastercard which gives small business customers access to merchant offers when paying with an eligible Business Mastercard at merchants participating in the programme.

It’s already available to NatWest and RBS business credit cardholders and from this month it will be available to business debit card users too.

The programme is simple and easy for cardholders to use – there’s no cost for cardholders, no card registration required or coupons/discount codes to enter at point of sale to receive a merchant cashback. Cashback appears as a credit on the card/bank statement within 3-5 days. Automatic cashback will show on monthly and online statements.

There’s a broad selection of over 1,000 merchant offers available including; LUX rewards (a range of merchant offers across hospitality, hotels, business tools, entertainment and more), McAfee, Heathrow Express, Dropbox, Avis and Microsoft Advertising, and additional offers will be added as new merchants are enrolled in the programme by Mastercard.

No cost is entailed, and no action is required by the customer to make use of the service. All cardholders with an eligible business debit card product are automatically enrolled in the programme, there is no requirement for cardholders to register, but they can opt-out should they wish to.

The commercial card products with access to Business Savings from Mastercard are NatWest and RBS Business Credit Card, Business Plus Credit Card, Business Charge Card and Business Debit Card for NatWest, RBS and Ulster Bank business customers.

Merchant offers are longstanding, and the automatic cashback is available regardless of the channel cardholders use to make a purchase.

Offers are small business focused and range from car hire to web search advertising. They can be found at

Andrew Harrison, MD Customer Goals & Journeys, NatWest comments:

“Cost savings are front of mind for all businesses but especially smaller businesses, which is why we are offering this simple solution to help reduce elements of those costs. We are delighted to be able to offer a feature that is common among personal card users to businesses.

“Across NatWest, RBS and Ulster Bank we have around a million business debit cardholders in the UK who will now be able to save as they spend through Business Savings from Mastercard.”

Simon Forbes, Senior Vice President at Mastercard, said:

Small businesses drive the UK economy forward. That’s why we’re proud to support NatWest in bringing this savings programme to a million cardholders, without additional cost or hassle.

“By providing cashback on offers and services which are directly focused on small businesses, our Business Savings programme provides entrepreneurs and aspirational business owners with the tools they need to thrive.”

The State of European Private Equity Report May 2024 report shows entry and exit multiples contracted sharply in 2023 despite Revenue growth for PE-backed assets being the strongest in years., a leading provider of private market intelligence, is proud to announce the launch of the inaugural edition of “The State of European Private Equity” report. This comprehensive report dives into the European PE landscape, offering invaluable insights into entries, exits, multiples, add-ons, holding periods, growth rates, margins, and much more.

The report sheds light on key trends and developments shaping the European PE market. Here are some notable findings:

Entries: Buyout deal activity in 2023 was the lowest it’s been in 6 years (down 32% from peak). Energy & Materials (-18%), Services (-27%) and Industrials (-25%) sectors proved to be more resilient. Q1 2024 data shows promise with the deal count exceeding both 2023 and pre-pandemic levels.

Add-ons: Add-on activity also took a hit in 2023 (down 31% YoY). Despite the decline, the ratio of add-ons to total PE deal activity remains near the decade-high. Close to half (47%) of PE-backed businesses employ a buy-and-build strategy (making at least one acquisition), with assets in Services and Financial Services leading the charge.

Exits: Exits slowed down meaningfully in 2023 but recent data suggests that exits have now stabilised. The current environment favors strategic buyers and it is no surprise that the share of strategic exits has risen from 33% in 2018 to 48% in 2023.

Holding Periods: Roughly 56% of assets that exited in 2023/24 stayed longer than 5 years in the portfolio. The average holding period is at an all-time high of 5.8 years vs. 4.9 years in 2020. By sector, Consumer, and by region, UK&I have the longest holding periods.

Multiples: Entry and exit multiples contracted sharply in 2023 (down 25-30% from the peak). TMT and Science & Health commanded a healthy premium vs. other sectors while the discount for add-on deals narrowed vs. platform multiples.

Growth and Margins: Revenue growth for PE-backed assets was the strongest in years. PE-backed assets grew 18.8% YoY in 2023 and EBITDA margins expanded too (up 170 bps in the last 7 years).

“We are excited to unveil the inaugural edition of ‘The State of European Private Equity’ report,” said Sid Jain, Head of Insights of “This report not only provides valuable insights for industry professionals but also puts in the hands of investors a lot of industry data that they can benchmark against.”

Over 50% of SMEs say resisting bribery and corruption results in lost business opportunities

  • New research shows 59% of SMEs believe that standing up to bribery and corruption will result in lost business opportunities.
  • However, 67% of UK respondents agree a strong anti-bribery policy boosts customer confidence.
  • 68% of UK respondents say stringent anti-corruption guidelines increase the likelihood of large contracts with big businesses and public sector bodies.


A new report from the Association of Chartered Certified Accountants (ACCA), Bribery and corruption: The hidden social evil on your doorstep, delves into the true extent of how bribery and corruption impact small and medium sized enterprises (SMEs) across the world, highlighting the pressing need for enhanced transparency and robust regulatory frameworks.


The research shows a high prevalence and deep concern about the damaging impact of bribery and corruption on SMEs, with more than half (59%) of SMEs and their advisers believing that standing up to bribery and corruption will cost them business trade or opportunities. The UK appeared more relaxed, with 46% thinking taking a stand would cost them.


Yet the survey also reveals a strong understanding of the benefits of standing up to bribery and corruption. 77% of global respondents, and 67% of UK respondents, agree that having a strong anti-bribery policy boosts customer confidence in their business. Furthermore, 68% globally and 68% in the UK say it increases their chances of getting lucrative contracts with big businesses and public sector bodies.


Jason Piper, ACCA’s head of tax and business law, said: “Corruption is a poison; it distorts markets, stunts economic growth, and deters investment.


“Many very small businesses don’t have the bargaining power to refuse when small bribes are demanded of them. Entrepreneurs have to choose between paying the bribe or losing the business – and often that is no choice at all for someone trying to support a family.


“Our report aims to arm businesses and regulators with the necessary insights and tools to root out corruption and foster an environment of transparency and trust. This could include the use of the latest digital tools. Just as technology is being used by criminals, so regulators and enforcement agencies should embrace it in the battle to detect, prevent and respond to them.”


Drawing from a broad spectrum of global data, expert opinions, and real-world case studies, the report explores the multifaceted impacts of corrupt practices on SMEs and economic development. It highlights the severe consequences that businesses can face, including legal penalties and damage to their reputations.


The report also considers the effectiveness of current anti-corruption laws and policies across different countries, suggesting that while some progress has been made, much remains to be done to align international efforts.


Piper added: “As global markets become increasingly interconnected, the imperative for accountability and ethical business practices becomes more pronounced.”


Lloyd Powell, head of ACCA Cymru/Wales, added: “The threat of bribery and corruption is something that businesses across Wales face on a daily basis. The fact our members are reporting improved prosperity through having anti-corruption policies in place is a good start, but there is more we can do to help them moving forward. How best to address modern-day corruption can be confusing, but we hope our latest report will provide some clear advice on how members can identify and prevent such activity.”


ACCA hopes this report will serve as a catalyst for change, encouraging entities across all sectors to evaluate their practices and align with the best standards of business conduct. The report is recommended for business leaders, policymakers, and regulatory bodies worldwide committed to uprooting corruption and fostering a fairer business environment.


The full report can be accessed here.


Visit ACCA’s website for more information.

R3 responds to the April 2024 insolvency statistics

  • Corporate insolvencies increased by 18.4% in April 2024 to a total of 2,177 compared to March’s total of 1,838, and increased by 18.4% compared to April 2023’s figure of 1,838.
    • Corporate insolvencies also increased by 5.4% from April 2022’s total of 2,065 and increased by 52.7% compared to pre-pandemic levels in April 2019 (1,426).
  • Personal insolvencies increased by 9.9% in April 2024 to a total of 9,651 compared to March’s total of 8,782, and increased by 4.7% compared to April 2023’s figure of 9,222.
    • Personal insolvencies also increased by 1.2% from April 2022’s total of 9,537 and decreased by 0.4% compared to pre-pandemic levels in April 2019 (9,685).

Eleanor Temple, chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire, and a barrister at Kings Chambers in Leeds, comments on the publication of the April 2024 insolvency statistics for England and Wales:

“The last year and the last quarter have seen corporate insolvency numbers reach a level not seen since the previous recession in 2008-09. The fact the UK had entered a recession (albeit relatively modest) during the last two quarters of 2023 was a contributing factor, however the recession would appear to have been short lived with a better than expected growth in GDP of 0.6% between January and March which has largely cancelled out the recession itself.

“Against this backdrop, inflation is falling and the Bank of England have held interest rates for a further month, with market speculation abundant as to whether and when a cut is on the cards. Corporate registrations are at a record high, so there are factors at play which suggest some return of business confidence, if not consumer confidence with cost-of-living pressures still playing their part. Working out what is going on is therefore becoming more nuanced than simply blaming the pandemic, cost of living, inflation and interest rates.

“The annual and monthly increases in corporate insolvencies shown in the figures published today have been driven by an increase in all types of corporate insolvency process, but the key areas which stand out are the increases in Creditors’ Voluntary Liquidations (CVLs) most of which relate to small and medium sized companies – the process which has seen the largest rise (after a brief decline in March) – and administrations.

“One factor in the increase in CVLs is likely to be down to directors closing their business at the end of the financial year – either because they believe the market won’t improve or because they’ve simply had enough after four tough years. Another possibility could be difficulties in small businesses in distress being able to access more complex and more expensive forms of restructuring, and having to resort to liquidation as a means of dealing with unserviceable debt.

“While the increase in administrations isn’t by a large number, it does suggest that there are an increasing volume of businesses that could potentially be rescued rather than wound-up and as the economy recovers we would anticipate this rise will continue. We will need to keep a close eye on this, as the trendline is upwards and the causes are not clear against a backdrop of an apparent increase in business confidence and the so-called ‘green shoots’ of economic recovery. One would expect liquidations to level out or decline, as rescue mechanisms begin to replace closures – but we shall have to wait and see.

“The sectoral data we have available shows that the construction, retail and hospitality sectors continue to experience the highest insolvencies this year so far. Retail and hospitality businesses have been especially affected by consumers’ wariness about spending money, poor weather in February and a tough pre-Christmas trading period. Issues with the weather will also have affected the construction industry, as will the fall in new work it has suffered from since the start of the year.

“Despite the difficult business climate over the period these figures cover, there is some cause for optimism. The economy is growing again and business and consumer confidence are both improving, and while businesses remain concerned about costs and consumer demand, the mood is generally more positive with a significant increase in new company registrations being reported by Companies House.

“Turning to personal insolvencies, the key factor behind the month-on-month and year-on-year increase has been a rise in the number of Debt Relief Orders – a trend which was expected after the Chancellor announced he was removing the administration fee from the start of April.

“Breathing Space numbers have fallen compared to last month, but are still higher than they were in April 2023 and 2022. When this is considered alongside the numbers for the other personal insolvency processes, it’s clear that a significant number of people are in need of either debt advice, or debt solutions. Based on the figures, it seems the majority of these people are choosing to either seek protection from creditor action while they explore their options, or enter processes that enable them to come to an arrangement with their creditors when it comes to repaying their debts.

“It’s also very clear the cost-of-living crisis is still taking a toll on people’s finances. Prices are continuing to rise despite the fall in inflation, and we’re hearing reports of people turning to credit to bridge the gaps in their finances. Despite these issues, the mood among consumers is becoming more positive – people seem more optimistic about their personal finances over the next year, although it’s worth noting that the future of the economy, the cost of living and concerns around job security remain key areas of concern.

“While the picture seems to be more positive for businesses and individuals, and consumers seem more optimistic about the weeks and months ahead, people still need to keep a close eye on their personal and business finances and seek advice as soon as they become concerned that they are having problems or could have them in the near future. Most R3 members will provide a free consultation to potential clients to learn more about their situation and outline the potential options that could be open to them for improving it.”

Crazy Rabbit Inns expands with new acquisition

A fast-growing pub group has added the Stapylton Arms in Wass, North Yorkshire, to its portfolio. Crazy Rabbit Inns will invest in the gastro-pub to enhance its facilities and undertake a sympathetic refurbishment.

The acquisition was supported with £416,000 funding from Fresh Thinking Capital in a move that secures the future of the historic pub. The York-based Crazy Rabbit Inns now operates three pubs across the county with plans to open a fourth this year.

Commenting on the acquisition, Collette Sunderland, director of Crazy Rabbit Inns, said: “The Stapylton Arms dates back to 1620 and is a central part of village life in Wass. We are proud to be taking over the stewardship of this historic venue and will invest to enhance its facilities over the coming months.

“We have ambitious plans for the group that will see us acquire more sites over the coming years. Our team has a great track record of building the business of country pubs and supporting the communities they serve. Fresh Thinking Capital is a flexible and responsive funding partner that shares our vision for the future.”

The former owner, Rob Thompson, is retiring and chose Crazy Rabbit Inns because of their track record of success in operating country pubs.

Niall Conlon, relationship manager at Fresh Thinking Capital, said: “Collette has a real passion for the industry, and it’s great to be able to support her ambitions. Crazy Rabbit Inns has done a great job of acquiring good country pubs and elevating the offering to grow the business. I’m confident the group will continue to go from strength to strength.”

HURST expands with new private client tax service

Independent accounting and business advisory firm HURST has launched a private client tax service to enhance its offering to business owners, entrepreneurs and high net worth individuals.

Karen Chadwick, who has 30 years’ experience in the field, has joined HURST as a partner to lead the new offering.

She has moved from Azets, where she was a tax partner. She previously worked at firms including Deloitte, KPMG and CLB Coopers.

During her career, Karen has gained a wealth of personal and trust tax compliance and advisory experience and technical knowledge, particularly in the areas of trusts and inheritance tax.

She said: “HURST is on an impressive and ambitious growth trajectory, as a strong, independent north west accountancy firm whose team delivers a first-class service to a varied client base as well as contacts and intermediaries, backed by a strong, cohesive and close-knit management team.

“The partners have recognised there is a need and demand within the firm’s tax service line for a dedicated private client tax offering, and I am thrilled to take up the opportunity to lead it.

“I’m excited to be part of the firm’s journey and to complement the existing partner group and HURST’s skilled and ambitious team to assist with the future development and growth of the practice.

“I look forward to applying my experience and technical knowledge to help clients achieve their personal and family wealth objectives now and in the future.”

HURST’s managing partner Tim Potter said: ““As the firm cements its position as the number one independent north west firm working with owner-managed businesses in the £5m-£100m turnover space, we have taken the decision to enhance our offering with a new service to support our high net worth clients with inheritance tax, trusts and complex personal tax matters.

“This is an exciting development for HURST and we are delighted to welcome Karen to the fold. We expect her vast experience and knowledge to be in high demand from our enviable client base of high net worth individuals.”

HURST focuses on advising entrepreneurial owner-managed businesses across all sectors. Clients include Kinaxia Logistics, M&I Materials, Beechfield Brands, Duerr’s, Oliver Valves, Lancashire County Cricket Club, Krones UK, Creamline Dairies, Scapa Group and Hyde Group.

The firm recently moved its head office to a new flagship development in Stockport to accommodate its growing team, taking 11,000sq ft at 3 Stockport Exchange, the latest phase of a £145m project by Muse Developments and Stockport Council.

HURST had been based since 1996 in Tiviot Dale in Stockport town centre, but outgrew the premises. The firm aims to grow from 120 staff to around 170 over the next three years.

Boost for UK SMEs as WeDo secures £50m in funding

WeDo Business Services has secured £50m in funding which will enable it to significantly expand its support of small and medium-sized companies across the UK.

The funding is provided by alternative investment manager Waterfall Asset Management and will be used to help WeDo bolster the growth of its SME customer base through a range of finance facilities.

The WeDo group has its headquarters in Greater Manchester and additional offices nationwide. It provides invoice and trade finance, asset finance, loans and start-up funding to a growing client base, as well as accountancy, HR, back-office and IT services.

WeDo was founded by Mark Lindsay and Chris Robinson in 2019 with just four staff and has grown rapidly through organic expansion and acquisition. It currently has over 70 staff across its Oldham headquarters and its network of offices.

Its overall lending now exceeds £50m, and chief executive Mark said Waterfall’s funding would enable it to achieve significant growth as it aims to reach £100m within the next three years.

WeDo’s nationwide client base spans a range of sectors, including recruitment, engineering, manufacturing, logistics and wholesale distribution.

Mark said: “This significant investment is a vote of confidence in our business and will help us to exponentially grow our ability to provide support to SMEs from across our finance divisions.

“We share a desire to establish a long-term relationship with the goal of helping more SMEs to succeed in building sustainable businesses for the future, by alleviating their cashflow constraints and enabling them to invest for future growth.

“WeDo has a strong track record of supporting the northern economy by offering finance to companies across the region and this will continue, as well as enabling us to significantly expand our geographical reach.

“There is increasing demand for the type of lending and support services we provide, reflected in a record month for new client wins in the first quarter of this year.

“We understand the challenges of growing a business from a new start, and we want to help others to do the same. It can be lonely as a business owner, and we provide a support network to ensure the wellbeing of themselves and their companies.”

James Cuby, managing director at Waterfall, said: “WeDo provides a comprehensive funding solution and support services to SMEs across the UK and has an experienced management team who are committed to supporting the growth of the businesses they fund.

“We are pleased to support WeDo’s expansion plans and look forward to a successful relationship.”

Gen Z FinTech Prograd Announces Expansion To US After Successful UK Launch

London, April 2024 – Prograd, the UK’s leading financial literacy platform for Gen Z, has today announced that it is expanding to the US in September this year.

Officially launched in 2022 after early support from TechStars, the company has gone from strength to strength and now boasts an engaged audience of 250,000 Gen Zs after just 15 months of operations.


Prograd has been widely praised for its approach to financial literacy education, which sees users earn ‘points’, redeemable as money, for learning more about managing their finances.

This mission is particularly important in the UK, where over 70% of young people believe they are not taught enough financial literacy at school.

Furthermore, through leveraging partnerships with businesses and job boards, Prograd has helped young people in the UK earn a collective £5M of additional income.


Alongside empowering young people, Prograd has also used its engaged community to advise a number of large financial institutions in the UK, such as Barclays, Plum, Starling and more. 


Through its user insights and in-depth research, Prograd has been able to consult companies on how to acquire and appeal to Gen Z users, an audience that many businesses are still trying to crack.

Now, after a successful UK launch, Prograd has its eyes set on The States.


Commenting on the move, Ethan Fraenkel, Co-Founder at Prograd commented “Having grown the brand to over 250,000 users in just 15 months in the UK, it was a no-brainer to expand to the US.

“Our mission is to help more young people earn, save and invest, and that’s an issue that affects young people globally, not just in the UK. We’re excited to continue expanding in the US and helping more young people navigate an increasingly complex financial landscape”


Find out more about Prograd and their mission at


About Prograd

Prograd is a pioneering marketplace tailored to assist Gen-Z in understanding, accessing, and managing essential financial products for their progression in life. Leveraging alternative data points and AI, Prograd offers a personalized financial journey to its users. Our community consists of a vibrant pool of over 250,000 Gen-Z individuals. Prograd is the largest provider of Gen-Z insights in the UK, working with major global market research companies such as Ipsos, Dynata and YouGov to help them extract opinion data from Gen-Z.

Prograd research is accredited by the British Polling Council

IDAS secures £1.685m investment from SASC to expand housing for domestic abuse survivors

Independent Domestic Abuse Services (IDAS), the largest specialist charity in the North of England, supporting people affected by domestic abuse and sexual violence, has secured a significant social investment loan of £1.685 million from Social and Sustainable Capital (SASC) to expand its range of safe accommodation for those fleeing abuse.

The loan from SASC’s Social and Sustainable Housing fund (SASH II), is complemented by a £400k grant from Access Foundation’s Cost of Living Social Investment Support Fund* and marks a pivotal moment for IDAS in its mission to provide safe housing for those escaping violence and abuse.

IDAS will purchase 16 one-to-three-bedroom properties in Sheffield and Barnsley for single people and families escaping domestic abuse. This marks the charity’s first step into property ownership.

In Sheffield, IDAS will expand upon the dispersed properties the charity has in partnership with Target Housing, an existing SASH borrower[i]. In Barnsley, the properties will be IDAS’s first dispersed units in the area alongside existing refuge provision.

Since its inception as Women’s Aid in the 1970s, IDAS has undergone significant growth, extending its services beyond York to encompass parts of North Yorkshire. Over the years, it has expanded its support framework to include male victims of abuse, leading to its rebranding as Independent Domestic Abuse Services in 2008.

The charity now offers a comprehensive range of services, including housing across multiple locations, 7-day helpline assistance, drop-in facilities, outreach programs for women and children, advocacy services, and domestic violence training. Tailored support, including specialised mental health assistance, is provided to all individuals, including children and young people, seeking refuge in IDAS accommodation.

In the previous year alone, IDAS supported over 10,000 victims and survivors of domestic abuse across Yorkshire, responding to approximately 30,000 helpline calls and offering emergency accommodation with intensive support to over 250 individuals, including 153 with children.

The urgency of IDAS’s mission is underscored by national statistics, it is estimated that 2.1 million people aged 16 years and over (1.4 million women and 751,000 men) experienced domestic abuse in England and Wales in the year ending March 2023[ii]. 100,000 people in the UK are at imminent risk of being murdered or seriously injured because of domestic abuse every year[iii].

Sarah Hill, CEO of IDAS and Chair of the Women’s Aid Federation of England said: “Taking on social investment will shift our reliance on the private rental sector and give us greater control over our properties and where they are located. This loan has come at the right time as demand for our services is growing and we are unable to accommodate everyone referred to us.

“Buying properties will enable us to help more women, men and their families escaping domestic abuse. Our work is often transformational, and survivors regularly tell us that our support has changed and, in many cases, saved their lives. We believe everyone should be able to live lives free from abuse and violence and want to ensure this is a reality for those we support and future generations.”

Mark Bickford, CEO of SASC said: “IDAS is a long-established and well-recognised provider of domestic abuse services in the North of England with close relationships with commissioners and other local partners. The move to property ownership will help IDAS with future re-tenders with local commissioners who favour partners with scale and properties under ownership. It will contribute to the long-term sustainability of the charity and provide vital accommodation and services for people experiencing domestic abuse.”

SASH II, launched in November 2022 as the successor to the first SASH fund, exemplifies SASC’s ongoing dedication to supporting charitable organisations that combine housing provision with vital support services.

For more information on Independent Domestic Abuse Services, please visit:

For more information on SASC, please visit:

*The £400k grant is from the Cost of Living Social Investment Support Fund, administered by the Access Foundation, to enhance the capacity of social investors to address the challenges posed by rising living costs in underserved communities affected by long-term economic decline.




Tyl by NatWest announces new payments partnership with FSB

NatWest Group has today announced a new partnership with the Federation of Small Businesses (FSB). This official payments partnership, builds on the support the NatWest Group has given to FSB over the years as the UK’s biggest bank for businesses.*

In 2020, NatWest Group established the SME Taskforce with FSB to help SMEs to respond to and navigate the aftermath of the COVID-19 pandemic, working together with stakeholders from across the small business landscape, the two organisations worked closely together to support customers.

Just last year NatWest announced a £1million partnership with FSB to provide NatWest business customers with access to independent support and education to help with the cost-of-living crisis via webinars, and 1-2-1 phone support and webchat.

FSB members will see cost savings and other benefits by signing up with Tyl, subject to eligibility criteria as part of the partnership. Insight from Tyl by NatWest found that 8 out of 10 businesses could save on fees when switching from an existing card payment provider to Tyl by NatWest.†

For the smallest businesses, Tyl offers a simple fee structure based on one low rate for personal card transactions (where the card is issued in the UK or Europe) and one for all other transactions. For bigger businesses, Tyl has a range of different fees to fit the needs of the business.

In addition to the possible business savings, Tyl by NatWest could help FSB members with the day to day running of their business through features including:

  • Choice of card machines or a phone app for in-person sales
  • Take payments online or over the phone
  • Payment links and QR codes to send out so you get paid quickly
  • Simple bills and next business day settlement
  • Tyl Portal for access to constantly updated sales data
  • 7 day a week UK-based service and support line
  • Tyl is part of NatWest which brings trust, security and experience to ensure safe payments

Available now, FSB members could be up and running with Tyl in just 48 hours.

James Holian, Head of Business Banking at NatWest comments:

“FSB and NatWest share an ambition to provide strong support for the growth of entrepreneurship and small businesses in the UK, and we are excited and proud to partner with FSB in payments services for its members.”

Mike Elliff, CEO, Tyl by NatWest said:

“Small businesses are critical for our economy and our communities. At a time where the cost of trading is rising for small business owners, Tyl by NatWest is delighted to be able to partner with FSB to provide its members with a full range of cost-effective and reliable payment solutions, backed by great service.” 

Caroline Lavelle, Chief Commercial Officer, FSB, said:

“I’m delighted to form this partnership with Tyl by NatWest. We have a long-standing history of working with NatWest on various business initiatives and look forward to this next step in our relationship.

“As many of our members, and the wider UK small business community, continue to navigate the increasing cost of trading, an opportunity to make savings on payments, which is core to every business, will be well-received.”