Bibby Financial ServicesDavid PostingsNews

Funding for Wales

There has been some regional media coverage in recent weeks about Bibby Financial Services boosting SME Funding in Wales by 40 per cent. Wales is an important region to us and vital to the stability and continued growth of the UK economy. Businesses in Wales are showing increasing ambition and confidence and we’ve been happy to help growth by offering our services on a wider basis.

We have increased funding in the region by more than a third year-on-year, from £14.37 million in August 2013 to £19.9 million last month. This news was reported by Business Wire, and Yahoo Finance amongst others.

Increasing lending

The news from Wales was matched across the UK with Bibby Financial Services pleased to announce that we recently had an all-time record month.

Figures from the Asset Based Finance Association (ABFA) only served to reinforce the vital service offered by alternative funders with a record £18.9 billion of funding provided to businesses. This compares to the performance of the Bank of England’s Funding for Lending Scheme (FLS), which saw a further significant fall in funding, dropping by a further £435 million.

Don’t struggle for funding

We want to offer funding support to every region and sector we can. Our support doesn’t have to stop at funding, we can offer business guidance and help across a wide range of areas including exporting, importing and other avenues that allow businesses sustainable growth.

Entrepreneurs and business owners looking for more choice, and a sustainable form of finance, should contact my team for more information.

Thanks for reading.

David Postings

UK CEO, Bibby Financial Services

About David Postings

David Postings is the UK Chief Executive Officer for Bibby Financial Services following his appointment in April 2012. David is an experienced senior executive with over 35 years’ experience in financial services. David has extensive knowledge of the commercial finance landscape.

You can read more about David Postings and his position at Bibby Financial Services in the About Me Section.

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