Growth Street launches Midlands initiative

Published on

Business finance provider Growth Street has officially launched its Birmingham presence.

Aiming to help improve Midlands businesses’ access to finance, Growth Street has brought on board Richard Steele as business development manager (BDM) for the region.

To mark the occasion, Growth Street brought together local finance professionals and business leaders at an exclusive event at Birmingham’s Hotel du Vin, to introduce the Growth Street concept and highlight opportunities for Midlands businesses looking to grow.

Despite only officially launching its presence in Birmingham this week, the Midlands has been a core market for Growth Street for some time. Earlier in 2018 Growth Street surveyed UK SMEs, finding that 70% of Midlands-based respondents had never looked beyond a traditional bank to finance their business.

Furthermore, only 25% of Midlands SMEs said that they have a good understanding of their finance options outside the banks.

Greg Carter, CEO of Growth Street, said: “Many businesses we speak to say that banks have made it harder for them to access really flexible, tailored finance. With many businesses having never looked outside their bank for funding, it’s clear there is more for finance providers to do to boost businesses’ understanding of the finance options available to them.

“The Midlands has long been a hub of British industry. In light of this, I think Midlands firms need more guidance on the options available to them. at Growth Street, that’s what we are committed to providing.

“I’m thrilled to launch our presence in Birmingham. I see this as a big step towards our goal of providing better guidance and access to finance for businesses around the UK. There is huge potential for business growth here, and we’re looking forward to being a part of that.”

Latest POLL

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Stamp duty countdown slows housing market despite rising prices

Britain's housing market experienced its slowest month in over a year this February as...

MorganAsh launches customer vulnerability workshops

MorganAsh has announced the launch of a new series of customer vulnerability workshops, aimed...

Just Mortgages appoints new divisional sales director

Just Mortgages has announced the appointment of Sandie Lear as divisional sales director within...

Account executive joins Howden’s south Wales team

Howden has appointed Sian England as account executive. England has been working in the corporate...

Other news

Stamp duty countdown slows housing market despite rising prices

Britain's housing market experienced its slowest month in over a year this February as...

MorganAsh launches customer vulnerability workshops

MorganAsh has announced the launch of a new series of customer vulnerability workshops, aimed...

Just Mortgages appoints new divisional sales director

Just Mortgages has announced the appointment of Sandie Lear as divisional sales director within...