ROYAL Bank of Scotland Group has launched a £100 million fund to help Medway firms obtain the right commercial property.

The bank promises "competitively priced" funding for Medway businesses looking for property financing, as well as specialist advice tailored to meet the needs of manufacturers, distributors, wholesales and retailers.

Customers searching for funding on deals up to £2.5 million will benefit from a 48-hour turnaround on credit decisions, while those customers looking for funding over £300,000 will also get a free no-obligation review of "hedging" strategy.

Graeme Jones, area manager for Medway and Maidstone, said: "The launch of our new £100 million commercial property fund reflects our continued commitment and understanding of Medway businesses. Managing cash flow to keep up with working capital needs is a dilemma facing many growing businesses.

"Our experience of providing custom-made solutions, coupled with access to a full range of corporate banking and financial markets products allows us to structure financing that will help businesses to achieve liquidity for growth and working capital needs."

The fund is open to existing Royal Bank of Scotland and NatWest customers, as well as new clients.