United Trust Bank (UTB) has launched a new specialist deposits proposition designed to support innovative and early-stage growth businesses as they progress through funding rounds and scale for growth.
The new offering is aimed at companies which have or are about to undertake funding rounds and will focus on helping founders and investors maximise the value and longevity of their capital.
Led by Matthew Manning, who joined UTB in January 2026, the proposition combines competitive deposit accounts with a high-touch, relationship-led funds management service tailored specifically for founders, entrepreneurs and innovation-led businesses.
Matthew brings more than 14 years’ experience supporting businesses across the Cambridge innovation landscape, working closely with early-stage and growth companies operating in sectors where funding cycles, investor confidence and cash runway management are critical. Throughout his career, he has developed a strong understanding of the operational and banking challenges faced by innovative businesses during periods of rapid growth and fundraising activity
UTB’s new proposition has been developed to address common frustrations experienced by fast-growing businesses when opening and managing banking relationships, particularly during periods of repeated fundraising and ownership change. UTB expects to complete new customer onboarding in around three working days on average, significantly faster than many other business banking providers in the sector.
Each client will have a named relationship contact, providing proactive support throughout the business lifecycle, including updates on rate changes, regular discussions aligned to burn rate and cash runway, and ongoing optimisation of deposit arrangements as businesses evolve.
The Bank also believes its approach to ongoing due diligence and shareholder changes will provide a smoother experience for businesses progressing through multiple funding rounds and expects the service to particularly appeal to founders and innovators who may not have dedicated finance teams and want to minimise administration and distraction from their core business activity and growth plans.
Matthew Manning, Senior Business Development Manager – Deposits, United Trust Bank, said: “Founders and innovators should be focused on building their businesses, developing products and securing growth — not spending valuable time navigating complicated banking administration.
“I’ve seen first-hand how proactive cashflow and deposit support, aligned directly to funding cycles, can make a meaningful difference for both founders and investors. UTB has a strong track record of delivering specialist banking solutions through experienced people and strong relationships. This new proposition reflects our commitment to supporting ambitious businesses with practical, responsive banking designed around their needs.”
