A Manchester-based lender has announced that it has secured a new significant investment, is relocating to new head offices, is actively recruiting for a number of roles, and is developing its product range.

Bridgebank Capital has been successful in completing a new line of investment which will provide it with the funding capacity to secure significant growth in its loan book in 2013.

The new funds are only the first part of a multi-faceted package of funding currently being finalised.

Laurence Goodman, Managing Director at Bridgebank Capital, commented: “Having placed a huge amount of effort and commitment into securing the right structure of investment business, I’m delighted to have secured this first tranche of funding."

Bridgebank Capital has also recently announced that it will relocate into a new head office on Wednesday 28th November.

This development gives Bridgebank greater flexibility for additional staff, in line with their growth strategy for 2013.

In addition, Bridgebank intends to increase its bridging loan book and introduce additional new products for 2013; these new products will include development bridging products and consumer loan products.

Bridgebank is now recruiting for a Business Development Manager, an Underwriter, a Head of Loans Completions and a Legal Support Assistant.

Laurence Goodman, Managing Director, added: “I’m thrilled that we have been able to secure new premises that offer us the flexibility and scale-ability to help achieve Bridgebank Capital’s future goals.

“There has been a huge amount of effort made over the last 12 months by the whole team to ensure the right structure for the additional funds is in place, to help us achieve our aspirations and long term industry plans.”

By Jason McGee-Abe