The Royal Bank of Scotland has launched its Expert in Residence programme across Scotland, operating from branches and in communities across the country to help female entrepreneurs realise their growth ambitions.
The initiative, which started as a two-year pilot, is being rolled out in Scotland with the support of the Department for Business, Energy and Industrial Strategy (BEIS) and the UK’s Local Enterprise Partnerships (LEPs).
The four staff appointed for Scotland will be available to host events, provide expert insight and advice on business finance, and support their LEP to access additional expertise to help female-led businesses achieve their potential. These roles will also support with lending and banking services in partnership with specialists from the bank.
Expert in Residence is the latest action taken by the bank following the Rose Review of Female Entrepreneurship, which was launched in 2019 and co-authored by Royal Bank CEO Alison Rose. The review demonstrated that up to £250 billion of new value (equivalent to 1 SME million businesses) could be added to the UK economy if women started and scaled new businesses at the same rate as UK men.
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