back Back

NatWest launches new grant finder service with Swoop

By Megha Bhattacharya

February 03, 2021

  • Natwest
  • UK

NatWest today announced the launch of a new grant finder service in collaboration with Swoop. The new service is expected to allow UK businesses to search for grants in a bid to support their businesses during the COVID-19 pandemic. NatWest wants to provide SMEs with greater access to third party funding which is not in the form of debt. It also aims to help connect these entrepreneurs with grant providers such as National Schemes, Local Authorities, Growth Hubs, Local Enterprise Partnerships (LEPs) and privately funded schemes.

Andrew Harrison, Head of Business Banking, NatWest said, “We know how challenging and unsettling this last year has been for the UK’s entrepreneurs and SMEs. The tenacity and resilience this group have shown in the face of so much uncertainty has been inspiring, and we’re pleased to have been able to help so many businesses access the funding they’ve needed, whether through our delivery of government schemes or through more conventional lending.

“But we know borrowing isn’t right for all businesses at this moment in time, which is why we’re delighted to be working with Swoop to offer business leaders simple access to the vast array of grant funding currently available across the UK. Swoop is the only holistic source of third party grant options in the UK, and together we want to help more entrepreneurs than ever before grow, thrive and survive as we look forward to a brighter 2021.”

According to NatWest, the new platform will allow businesses to quickly and efficiently access tailored grant options. Following the completion of a simple questionnaire, applicants can review grants matched specifically to their business, and can choose to apply directly or request assistance from Swoop. Applicants do not need to be existing NatWest customers to use the new service, which can be accessed through the bank’s website.

Recently, NatWest announced an additional £1 billion in funding to help support female-led businesses in the UK recover from the COVID-19 pandemic. The company has also committed to creating an additional 35,000 new businesses in the UK by the end of 2021, focusing its efforts on underrepresented groups and geographical inequality.

Andrea Reynolds, CEO of Swoop said, “We’re thrilled to partner with Natwest to deliver this much-needed solution to all SMEs across the UK. Our mission is to empower entrepreneurs to make the right financial decisions every day by bringing all their finance options together in one place, personalised to their specific business circumstance.

“Now more than ever SMEs need the right information at their fingertips. By combining the reach of Natwest with the power of Swoop’s advanced technology together we’re ensuring SME access to grants can support recovery and growth as we move into 2021 and beyond.”

Previous Article

February 03, 2021

MyCrypto revamps & launches new multi-account Ethereum Wallet manager

Read More
Next Article

February 03, 2021

Visa and pliant launch “Infinite Business” card in the German market

Read More

IBSi Daily News Analysis

South East Asia

February 28, 2024


FinTech penetration in Southeast Asia will double by 2027, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Enfuce receives e-money licence to boost UK expansion

Read More


Mastercard & MTN Group Fintech to bolster mobile payment services in Africa

Read More


UAE FinTech Alaan brings Apple Pay to customers

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023