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RBS branches out with franchise fund
Royal Bank of Scotland has launched a £100 million dedicated franchise fund in a bid to "kickstart growth" and create thousands of jobs.
The bank highlighted research which showed that nine out of ten franchises remained profitable in a recession. It said the new fund would offer reduced fees and 12-month capital repayment holidays.
According to RBS, the UK-wide fund could finance up to 1,800 franchise businesses and 24,000 jobs, based on typical start-up costs and the fact that franchisees typically employ about 13 staff.
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Weather for Edinburgh
Thursday 24 May 2012
Today
Sunny spells
Temperature: 12 C to 21 C
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Temperature: 10 C to 20 C
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