Reward Finance Group lends £50m to Yorkshire SMEs in 12 months

The finance has helped businesses unlock growth potential, create new jobs or navigate through a difficult trading period. 

The SMEs that have received funding from the lender include Crimple Garden Centre, which obtained a £1.3m working capital injection to help build a £4m GDV, 20,000 sq ft food hall incorporating a 160-seat restaurant.

Bradford-based property business Kingspark also received a £270,000 loan from Reward Finance Group to purchase a 13,487 square foot freehold building in Halifax, which will be separated into seven small industrial units for start-up businesses.

Gemma Wright, managing director for Yorkshire and the North East at Reward Finance Group (pictured above), said: “As a business based in the region, it is particularly pleasing to fund the ambitions of SMEs across Yorkshire. 

“By developing a deep understanding of our clients’ businesses, we know that the funding will deliver both immediate and long-terms benefits, such as enabling them to seize new opportunities or get them through a period of difficulty, so they can rebuild a successful company. 

“[The] £50m [lent], in addition to the money we are already providing to SMEs in the region, is a significant sum to inject into the local economy in just 12 months. 

“The team is immensely proud that we have helped so many companies with their funding needs, often at very short notice.  

“This is made possible as our business is built on a flexible approach, making it highly adaptable to meet the many different funding needs of SMEs — because we have a simple business structure, we can make fast decisions and provide pragmatic funding solutions.”