The NLGS was launched to help ease the flow of credit to hard-pressed businesses.
Phillip Monks, chief executive officer of Aldermore, said: “Britain’s small businesses are the lifeblood of the economy and the source of vital growth in the future. Since 2009 Aldermore has lent £771m to over 9,000 small and medium sized enterprises. We are championing the British SME and eager to do more.
“I am pleased that Aldermore will be playing its part in backing Britain by participating in the government’s NLGS. By ensuring that the credit easing initiative is economically viable for a challenger bank like Aldermore, the government will enable us to continue supporting smaller firms, while simultaneously promoting competition within the banking sector.
“While the roll out of this scheme is important, it is only part of the story. A lot more still needs to be done to increase the volume of funding to SMEs. We will continue to work with the Treasury to find more ways to help British business succeed.”
