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Sean Longsdale: A flexible way to help drive SME growth

Business News, Driving SMEs growth - SantanderCB

Sean Longsdale, Managing Director – Structured Finance Group, Santander Corporate & Commercial Banking, writes a piece for today's Times SME supplement 'The Challengers'. One common dilemma in the world of SMEs, he says, is when a business is doing well until one of its founders decides to retire and cash in on some of their investment. 'This is exactly the kind of scenario where Santander could assist with one of our event finance options,' Longsdale explains. But the bank also helps other types of firms with its Growth Capital initiative, which aims to back British SMEs that demonstrate genuine high-growth characteristics. 'Over the past three and a half years, we've invested £254m in 73 UK businesses,' he writes. 'This, in turn, has helped to create more than 3,000 jobs and boosted the British economy.' Longsdale concludes: 'Our supportive and hands-on relationship-based approach when we come across challenges is fundamental to our businesses' success.'

 

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