The Royal Bank of Scotland (RBS), a subsidiary of NatWest Group, is ramping up its support for UK entrepreneurs. Over the next three years, RBS will collaborate with up to 10 UK universities to establish new business accelerators, further embedding itself in the country’s innovation ecosystem.
Aiming for 10,000 Entrepreneurs by 2025
NatWest Group is setting an ambitious target: bringing 10,000 entrepreneurs into its Accelerator community by 2025. This initiative is part of the bank’s broader strategy to support the UK’s economic growth through targeted investment in high-potential businesses.
Since its inception in Birmingham in 2015, the RBS Accelerator has expanded its network to 12 hubs across the UK. These sites have supported nearly 10,000 businesses, collectively raising over £684 million in investment and generating more than 12,000 jobs. The first Scottish hub launched in Glasgow in 2016, and now, almost a decade later, RBS is doubling down on its commitment to fostering entrepreneurship.
Strengthening University Collaboration
The UK government has increasingly emphasized the role of universities in driving industrial growth. Research and innovation-led ventures are seen as crucial to accelerating economic expansion, and RBS aims to be at the forefront of this movement.
- The new university partnerships will focus on supporting high-growth businesses.
- Entrepreneurs will gain access to tailored mentoring, financial expertise, and business resources.
- The program will prioritize businesses in sectors such as Technology, Healthcare Tech, Life Sciences, and Fintech—areas identified as key drivers of the UK economy.
A Strategic Push for the Innovation Economy
RBS’s focus on innovation-led businesses is deliberate. Companies operating in technology-driven sectors often experience rapid market expansion, increased revenues, and workforce growth—provided they receive the right support. By aligning itself with universities, RBS aims to create an environment where groundbreaking ideas can translate into commercial success.
“It’s a testament to how much the Accelerator has achieved that today we are setting out plans for its expansion – starting with our ambition of supporting up to 10,000 entrepreneurs in 2025,” said Robert Begbie, CEO of NatWest’s commercial and institutional franchise.
“As the UK’s biggest business bank, we are ambitious for the UK and believe that by unlocking the potential of entrepreneurs, we can support sustained economic growth. The next stage of the Accelerator’s expansion will involve partnering with more UK universities, combining our strengths to help entrepreneurs commercialize their ideas and kickstart economic growth.”
What’s Next?
The expansion of the RBS Accelerator through university partnerships represents a major step in the bank’s long-term strategy. By embedding its programs within leading academic institutions, RBS is creating a pipeline for cutting-edge research to transform into viable businesses.
With 2025 set as a pivotal year for the program, the coming months will reveal which universities will take part in this initiative. For aspiring entrepreneurs, this could mean unprecedented access to funding, mentorship, and business development opportunities.
