Pinsent Masons advises NatWest in its first sustainability linked asset-based lending facility

Multinational law firm Pinsent Masons has advised NatWest in its first sustainability linked asset-based lending (ABL) facility to Recycling Lives, a UK recycling and waste management business. Recycling Lives turned to NatWest for a new financing package for refinancing and working capital purposes, working with their board of investors, Three Hills Capital Partners, and EY. This facility provides liquidity for Recycling Lives growth plans while reflecting commitment to help build a greener and fairer economy.  The NatWest team structured a £40.3 million ABL facility to provide liquidity to refinance existing…

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NatWest and Meta launch package of support for female entrepreneurs

NatWest and Meta’s partnership offers crucial support to female entrepreneurs and comes soon after the Rose Review’s recent update stating that more help is needed to boost the number of female businesses. NatWest and social technology company, Meta, have launched a partnership to offer financial readiness training and other support to female business owners. This is available to all female entrepreneurs via Meta’s #SheMeansBusiness programme, which also provides digital skills training and opportunities to expand business connections and networks. This builds on NatWest and Meta’s strong track-records on supporting women in business…

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Natwest allow First ‘Say on Climate’ resolution for shareholders at AGM

NatWest Group has informed its shareholders they will have the opportunity to have a Say on Climate at its AGM this month through the bank’s first climate resolution. The bank is asking its shareholders to give their support to its strategic direction on climate change, its intention to develop and publish a transition plan, and for annual progress reports to be published. In presenting the resolution to shareholders, the bank intends to promote transparency about its climate ambitions and strategic direction and obtain feedback which will help it to shape…

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NatWest partners with Marcus Rashford MBE

NatWest has announced today a major new partnership intended to further its efforts to help young people to thrive and reach their goals sooner. NatWest and Marcus Rashford MBE are working together to co-create a programme designed to support young people in communities across the UK to learn about and develop a positive relationship with money. The programme will connect them with role-models with shared lived experiences that can mentor and inspire success and help them achieve their goals. Now more than ever, money is a worry for a lot…

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NatWest pledges £100bn of Climate and Sustainable Funding and Financing

A report published by NatWest sets out the potential opportunity that exists for the UK economy from the transition to net-zero, finding that SMEs could create up to 130,000 new jobs, produce around 30,000 new businesses and result in an estimated £160 billion opportunity for the UK economy. The report finds that there is a significant opportunity for the UK to be a global leader in the transition to net-zero. The report also found that the UK’s 6 million Small to Medium Enterprises (SMEs) can achieve 50% of the UK’s…

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