The bank signed a £1.5m money market loan to London-based software business Kimble to provide the business with working capital for future growth.

The agreement was signed atop the 138m-high British Airways i360 in Brighton.

Richard Heggie, head of high growth and entrepreneurs at Barclays, said: “We’re really excited to be part of Kimble’s journey with this venture debt agreement – and in such a spectacular location.

“Kimble is an innovative business, with the potential to become a global leader in its sector and this funding will prove invaluable in providing working capital to fuel its growth.

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“In this economic climate, it’s important [that] the UK’s most exciting pioneers feel supported and are able to fulfil their growth potential.”

This latest deal comes as part of Barclays’ £200m venture debt fund, which was extended earlier this year to help the UK’s high-growth businesses compete with those in California’s Silicon Valley.

Recently, Barclays also launched its Eagle Labs, which provides fast-growing businesses with the space and resources to continue their development.

Sean Hoban, CEO at Kimble, added: “The venture debt agreement means a lot for the business.

“Not only does it give us working capital to drive our growth, but it’s a vote of confidence from Barclays for the UK SME sector in general and high-growth sector in particular.”