Growth Lending North team secures new Manchester premises as group expands
The North team at Growth Lending, the funding partner for fast-growth businesses, has moved to new, larger premises in the heart of Manchester, reflecting the firm’s continued commitment to supporting innovative SMEs in the region and across the UK.
Previously based in a unit in a shared space, the move to a more permanent and extensive home reflects Growth Lending’s continuous growth, with the firm increasing its headcount by more than 60% in the past two years. The North team will now be based in the Neo building in Manchester city centre.
The move follows the unification of Growth Lending with its sister company, BOOST&Co, under the Growth Lending brand banner, aiming to simplify the group’s approach, enhance collaboration and enable tailored support for even more businesses. Growth Lending partners with ambitious SMEs looking to accelerate their growth journey, offering working capital and growth debt from £10k to £10m, as well as EUR, USD and GBP cash flow facilities for international businesses.
The newly united Growth Lending team has now been a part of the Manchester lending ecosystem since 2018, hitting the significant milestone of more than £100m of deals completed from the office in the first half of last year. The Growth Lending North team deployed almost £40m in 2022 alone, with a characteristic mix of growth debt and working capital across deals such as acquisition finance for Manchester-based Managed IT Services Group and Euro invoice finance to support the global operations of international food trader Newport Farmer.
Vicki Taylor, Director of Debt Finance in the North West at Growth Lending says: “The North of England has a large and diverse SME ecosystem that increasingly requires flexible funding to support businesses with their varied growth ambitions. The move to our new Manchester-based office enables us to work closer as a team across all of our available funding channels, ensuring we offer a bespoke and agile solution wherever needed.”
Ryan Sorby, Head of North and Scotland at Growth Lending says: “The office move comes at a really exciting time for the group as BOOST&Co and Growth Lending come together under one brand, taking the collaboration of our term debt and working capital offerings to the next level, offering businesses multiple solutions for their funding needs.
“Many SMEs in the North are thriving, even with the challenging economic backdrop, and we’re looking forward to helping these forward-thinking and high growth companies scale and meet their growth ambitions from our new base in Manchester.”