Lloyds Bank Commercial Banking has increased its support to mid-market businesses in the South West & Wales and is on track to deliver net lending growth of 11 per cent for 2016.
The news comes after Jason Evans was appointed as Regional Director for the enlarged region, having previously been Area Director for South Wales & Severnside. This follows the retirement of Clive Hetherington, who was Area Director for the South West.
During his 25 years in the finance industry, Jason has held positions with HSBC – as head of leveraged finance – and PwC.
The team works with more than 300 mid-market clients across the South West and South Wales.
Jason has found that, despite economic uncertainty, businesses are committed to investing in their growth plans.
During the year, the team has supported a large number of businesses including Gloucester-based cold stores company ISD Solutions, helping them to secure a new contract in Australia.
It has jointly provided Newport based SPTS Technologies with £125m for working capital and expansion headroom, and £45m to Bristol based St Monica Trust to regenerate former Cadbury site in Keynsham.
It has also supported Vospers with site acquisition in Exeter for a multi-brand showroom.
Jason Evans said:
“I’m immensely proud to be leading the team and we are passionate to continue providing support and partnering ambitious and high quality management teams – something that the region is well blessed with.
“No doubt 2017 will bring its own challenges, but we remain committed to working with our clients to enable them to take advantage of the opportunities that will also arise.”