NatWest has launched NatWest Venture Banking, a dedicated business unit aimed at supporting high-growth UK companies and the investors backing them.
The initiative is designed to help innovation-led firms scale, create jobs and contribute to long-term economic growth.
The bank said venture-backed businesses are playing an increasingly important role in improving productivity, attracting investment and generating skilled employment in the UK.
The bank has set up the new division to meet demand from founders and investors for more integrated financial services across the company lifecycle, from early-stage development through to global expansion.
NatWest Venture Banking brings together specialist teams from across the bank into a single proposition.
It will operate a relationship-led regional model, with dedicated teams across the UK offering sector expertise and capital solutions tailored to growth companies.
As part of the launch, NatWest has also announced a strategic partnership with Amazon Web Services (AWS).
The collaboration will give venture banking clients access to AWS’s technical infrastructure, network and sector expertise.
The companies said the aim is to support UK startups in scaling through improved access to technology and advisory support.
The division will also work with venture capital firms and other investors to support portfolio companies and provide fund banking services.
Paul Thwaite, Chief Executive of NatWest Group, said:
“Innovation-led businesses are central to the UK’s future prosperity, driving productivity, jobs and global competitiveness. Too many founders still face barriers to scaling, and NatWest Venture Banking is designed to change that.”
Alison Kay, Vice President and Managing Director of AWS UK and Ireland, said:
“By combining AWS’s cloud and AI technology with NatWest’s banking capabilities, we can help founders build, scale and compete globally.”
Featured image credit: NatWest
