Barclays today announces its support for the UK’s High Street Fund.
The initiative will provide financial support to small and medium-sized businesses that have been directly affected by riots which took place in the country earlier this month, irrespective of who they bank with.
The High Street Fund (new window) has been established with support from Sir William Castell, Chairman of global charity Wellcome Trust; Boris Johnson, Mayor of London; and other leading businesses and organisations in the UK.
The fund will initially comprise a total commitment of over £3m in cash funding, plus support services from the businesses involved.
Naguib Kheraj, Trustee of The High Street Fund and Barclays Vice Chairman, said: “The recent riots have had a devastating impact on many businesses and people and we want to play our part in rebuilding the local communities affected.
“We are doing that directly with our clients and customers by providing emergency overdraft facilities and offering payment breaks for business or mortgage customers. We believe that The High Street Fund will offer complementary, broader direct support to local businesses who are at the heart of these communities to get back onto their feet as quickly as possible.”