it was a gift link so three others must’ve been quicker than you.
here is the article https://on.ft.com/2Vj737L:
Nationwide Building Society has won the second round of a hotly-contested prize to boost competition in the UK’s business banking market, receiving £50m to fund investments in new technology and services. Investec and the Co-Operative Bank won smaller awards of £15m each. The awards are part of a £775m programme funded by Royal Bank of Scotland as a condition of its bailout during the financial crisis. A total of £425m will be given in cash handouts to rival business banks and financial technology companies, while a further £350m is being used to encourage RBS customers to switch to alternative providers. The first and largest round of awards in February was dogged by controversy after scandal-hit Metro Bank was given the biggest prize of £120m. Favourites including CYBG and TSB also missed out in favour of less-established digital startups Starling and Tide. Nationwide was widely expected to secure Tuesday’s £50m prize, though the success of Co-Op Bank and Investec could surprise some observers who expected digital bank Monzo to win a share of the prize. Nationwide, Co-Op Bank and Investec have pledged to match the prize with their own investments. Nationwide, which has tried to move into business banking several times in the past before abandoning plans, said it would begin offering business current accounts early next year. It added it will work to “bring the fairness and value of mutuality to the SME banking market”. Andrew Bester, Co-Op Bank chief executive, said: “Our SME banking business is a key priority for us and we see considerable potential for growth. We are committed to more than doubling our current two per cent share of the market over the next five years and look forward to putting our plans into action.”