The package will allow businesses time to recover from the immediate impact of the flooding, or to bridge the gap until insurance claims are settled. It will include repayment holidays on existing and new loans, and extending overdraft facilities.
Steve Cooper, managing director, Barclays Local Business Banking: "Events such as these can have a devastating effect on business continuity and at Barclays we are committed to helping our customers through these difficult times.
"Our customers should contact their relationship manager as soon as they can to discuss how we might support them with concrete measures that meet their needs and help ease the pain a little."
