Kirkfield Limited, a rubber and adhesive products manufacturer, has just received a EUR450,000 investment package from the Lloyds Banking Group. The UK-based company used the funds to move to a bigger location and fuel their expansion plans.
Kirkfield exports their products worldwide, but focuses on Europe. With the financial boost, they’re now planning to expand to new markets.
“Our new site provides us with a larger and more suitable environment for our day-to-day operations, helping us to increase our capacity as we work towards our long-term growth ambitions,” said Tony Flood, Managing Director of Kirkfield Limited.
“The Lloyds Bank investment was fundamental to achieving this objective for our business, and we look forward to our continued work with the bank as we look to further invest in our infrastructure, and build on our already successful export business.” he added.
Ian Monk, Relationship Manager at Lloyds Bank Commercial Banking said that the investment was possible because of the government-backed “Funding for Lending Scheme”, which gives incentives to banks who lend money to boost the UK economy.