NatWest has announced plans to dramatically expand its Accelerator community, with an ambition to support 50,000 entrepreneurs across the UK in 2026 – a five-fold increase on the target it set for 2025.

The move follows a standout year for the programme, during which the bank supported around 12,000 founders. That figure exceeds the total number of entrepreneurs the Accelerator had backed over the previous decade combined, highlighting the rapid acceleration in both scale and impact.

The expansion forms part of NatWest’s new five-point Growing Together plan, which outlines how the bank intends to support long-term UK growth. The strategy focuses on backing regional economies, championing mid-market businesses, strengthening infrastructure and housing, improving financial confidence among families and young people, and supporting the innovators shaping the future economy.

NatWest said it believes banks have a role to play beyond providing finance, using their regional footprint, expertise and convening power to bring together businesses, communities and policymakers to help remove structural barriers to growth and unlock productivity across the UK.

At the heart of the expansion is the NatWest Accelerator community, which is built around peer networks, local cohorts and access to expert mentors, investors and specialist support. The programme is designed to help early-stage and high-growth businesses launch, scale and build resilience.

Data released by the bank shows the impact of the programme on participating businesses. Companies that completed the Accelerator grew their turnover by an average of 104 per cent year-on-year, compared with 20 per cent growth among a control group. In addition, nine out of ten Accelerator businesses were still trading three years later, compared with fewer than half in the control group.

Robert Begbie, CEO of Commercial & Institutional Banking at NatWest Group, said the expanded ambition reflects the bank’s confidence in the programme’s effectiveness.

“We know that to build the economy of the future we need to back the innovators who will power it,” he said. “Entrepreneurs are the driving force behind innovation, job creation and long-term economic growth across the UK. By raising our ambition for 2026, we’re reinforcing our commitment to back founders at every stage – from idea to scale-up – and help them turn ambition into sustainable success.”

The commitment was welcomed by government and business groups. Small Business Minister Blair McDougall said the announcement reflected the kind of practical support needed to unlock the potential of small businesses nationwide, while Aaron Asadi, CEO of Enterprise Nation, described NatWest as unmatched among banks in its support for UK entrepreneurs.

Shevaun Haviland, Director General of the British Chambers of Commerce, added that expanding the Accelerator would give more founders access to the advice and peer networks they need to grow with confidence.

As part of the expansion, NatWest will continue to grow its network of Accelerator hubs and on-campus university partnerships. The bank has already established hubs in collaboration with universities including Manchester, Oxford, York, Brighton and Warwick, and plans to set up hubs in up to ten universities over the next three years.

The Accelerator also delivers structured growth journeys through its UK hub network and via the NatWest Accelerator app, working in partnership with Google to provide access to digital tools, training and specialist expertise. Pitch events and founder forums held across the UK give entrepreneurs opportunities to showcase their businesses, build networks and access funding.

One business to benefit from the programme is Leeds-based production company Mood Films, which launched in 2024 after evolving from a long-standing mentor-mentee relationship into a creative partnership. After joining the NatWest Accelerator, the founders gained access to co-working space, one-to-one coaching and workshops covering funding, sales, marketing and future planning.

Louis Jones, co-founder and director of photography at Mood Films, said the programme helped the team move from being filmmakers learning the basics of business to confident founders with a clear understanding of how to scale.

“Joining the NatWest Accelerator was one of the best decisions we ever made for our business,” he said. “The support helped us understand every area of the business and gave us the confidence to grow now and into the future.”

Jamie Young

Jamie is Senior Reporter at Business Matters, bringing over a decade of experience in UK SME business reporting.
Jamie holds a degree in Business Administration and regularly participates in industry conferences and workshops.

When not reporting on the latest business developments, Jamie is passionate about mentoring up-and-coming journalists and entrepreneurs to inspire the next generation of business leaders.

Bitcoin has slipped below the $70,000 mark, erasing the gains made after Donald Trump’s return to the White House, as weakening investor demand and regulatory uncertainty weigh on the world’s largest cryptocurrency.

The digital asset fell to around $65,600 on Thursday, its lowest level since November 2024, amid a combination of hawkish signals from the US Federal Reserve, a slowdown in institutional buying and continued delays in crypto regulation.

Bitcoin had rallied sharply following Trump’s second election victory after he pledged to turn the US into the “crypto capital of the world”, fuelling expectations of lighter regulation and greater political backing for digital assets. However, those hopes have faded as progress on legislation has stalled and central banks have signalled they will keep interest rates higher for longer.

The cryptocurrency is now down around 30 per cent over the past year, as enthusiasm from both retail and institutional investors has cooled. Analysts say delays to US legislation aimed at creating a clear regulatory framework for digital assets have played a key role in undermining confidence.

The so-called Clarity Act, a bipartisan proposal designed to define how cryptocurrencies should be regulated, has been held up by disagreements within the sector and in Congress. In contrast, the UK has set out plans to bring cryptoasset firms under Financial Conduct Authority oversight from 2027, although that framework remains some way off.

In a research note, analysts at Deutsche Bank said regulatory inertia has slowed the integration of bitcoin into mainstream investment portfolios. They noted that while the recent sell-off looks sharp, it also reflects a retreat from highly speculative gains made over the past two years.

“Despite the recent drop, bitcoin remains around 370 per cent higher than in early 2023,” the bank said, adding that the steady selling suggests traditional investors are losing interest and broader pessimism around crypto is growing.

Created in 2008 by the pseudonymous developer Satoshi Nakamoto, bitcoin has no physical form and exists purely as computer code. Once worth almost nothing, it reached parity with the US dollar in 2011 and has since become the bellwether for the wider crypto market.

It is the company’s second facility at its site at Headlands Grove

A new manufacturing plant that will make electrical harnesses for the military, aerospace and transport sectors has opened in Swindon, creating 80 jobs. Westwire Harnessing designs and produces mission-critical electrical systems used by military aircraft, drones, armoured vehicles and space satellites.

The company, which was established in 1987, is already based in the town and has built its new manufacturing plant opposite its current facility at Headlands Grove.

The new site expands Westwire’s footprint from 10,000 to more than 21,000 sq ft. It also positions the business to double output over the next three years in response to demand from the defence market, the company said.

“Today marks an important milestone for Westwire,” said managing director Andy Russell. “The opening of our new Swindon facility significantly enhances our manufacturing capability and underlines our commitment to delivering innovative, high-quality solutions that support our armed forces.

“We are proud to create around 80 new skilled jobs in Swindon, providing opportunities for skilled talent in a sector that is vital to the local area.”

Westwire is owned by India-headquartered SASMOS HET Technologies, which acquired the Swindon-based manufacturer in 2021. The acquisition marked the company’s first investment outside India.

Westwire said its parent firm “continues to support the UK operation” with advanced technology transfer and “complementary capabilities”, including fibre optics, photonics, and power management.

Local MP Will Stone said: “Westwire is an important part of Swindon’s industrial fabric. The creation of 80 high-quality jobs is fantastic news for our community and reflects the town’s growing role in advanced manufacturing and the UK defence sector.”