Royal Bank of Scotland subsidiary NatWest said it will double its growth funding programme for small and medium-sized British businesses to £6 billion to help them navigate Brexit.

NatWest released its latest set of growth funding figures, which revealed that £2.97 billion of the already-expanded £3 billion pot has been approved for investment.

Alison Rose, CEO of Commercial and Private Banking at NatWest, said: “Whatever the circumstances facing businesses throughout the UK, we are passionate about helping them achieve their goals and are flexible in how we do so.

“The bank is truly national in its approach to helping businesses via our regional accelerator hubs, the work through our regional boards and dedicated teams in every corner of the UK.

“We recognise that the challenges businesses face evolve all the time, which is why we try to innovate whenever we can.”