Bibby Financial Services (BFS) has announced the move of its global headquarters.

The SME finance provider said the devision was taken to accommodate its strategic growth plan over the coming years.

BFS supports more than 10,000 businesses worldwide and has relocated its central support teams to Pembroke House, Banbury Business Park – an office previously occupied by Vodafone.

David Postings (pictured), global chief executive of Bibby Financial Services, said: “We have grown significantly in recent years. Our move to larger premises reflects this expansion and our ambitious growth plans over the coming years.

“Having our central support teams together allows our internal network to work more closely, enabling us to better support staff and clients alike. We decided on Oxfordshire as the location of our headquarters due to its excellent transport links, the geography of our current teams, and the scope to expand as our business grows further in the future.”

Victoria Prentis, MP for North Oxfordshire, said: “It is really welcome news that Bibby Financial Services is expanding its operations in Banbury. The company makes a vital contribution to the North Oxfordshire economy, and offers employment to many local people. BFS’s commitment to the area reaffirms North Oxfordshire as an attractive place to do business. I very much look forward to visiting their new headquarters in the coming months.”

Postings added: “At a time of economic uncertainty, it’s critical that SMEs across the world can access the funding and support they need to grow through international and domestic trade.

“We’re a relationship based funder and this means that we work hand-in-hand with the businesses we support. Attracting and retaining leading talent is key to providing excellent service to our customers. We have heavily invested in recruitment, learning and development this year and our move to Pembroke House is a fantastic way to end a strong year.”