Bibby Financial Services (BFS) has appointed Steve Taylor as business development manager (BDM) for construction & commercial finance.

Taylor has 30 years’ experience in invoice finance, specialising in providing tailored funding packages to SMEs.

He joins BFS after two years at Metro Bank as business development manager for invoice finance where he delivered specialist invoice finance and asset finance solutions to small UK businesses.

He previously spent four years at RBS as business development manager for invoice finance.

Taylor is based at BFS’s Slough office, covering the Solent region. He will focus on providing bespoke invoice finance and construction finance solutions to SME clients to help them overcome cashflow challenges.

He said: “It’s a crucial time for the construction sector with subcontracting businesses facing increasing challenges, such as the rising cost of raw materials, extended payment terms and changes to legislation.

“BFS is the market leader in construction finance, so I’m thrilled to join the team to further support UK SMEs with the funding they need.”

Adrian Payne, head of sales, Solent, added: “We’re committed to supporting SMEs, regardless of the economic climate. The knock-on effects of Carillion’s collapse in 2018 has continued to impact the construction sector, so it’s more important than ever that we provide the right support to subcontracting businesses.

“We’re delighted to welcome Steve to BFS and look forward to working with him to help UK SMEs thrive in 2019 and beyond.”