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Skipton Business Finance is celebrating 25 years of supporting UK businesses, having provided more than £840 million in funding to help businesses unlock working capital, manage cash flow and support growth through changing economic conditions.
Since launching in 2001 with a team of just seven colleagues, the business has grown to more than 125 colleagues supporting SMEs across the UK from its head office in Skipton and nationwide regional offices.
Over the past 25 years, Skipton Business Finance has supported businesses through major periods of economic and market change, from the rise of digital commerce and the 2008 financial crisis to Brexit, the pandemic and today’s rapidly evolving technological landscape.
Part of Skipton Group and closely aligned with the values of Skipton Building Society, the business has continued to evolve its proposition in response to the changing needs of SMEs.
Alongside its established invoice finance solutions, Skipton Business Finance recently launched its Asset Based Lending (ABL) proposition, already delivering nearly £12 million of funding to businesses requiring broader and more scalable funding structures. The business also continues to support eligible SMEs through the Government-backed Growth Guarantee Scheme (GGS), helping businesses access additional funding to invest, grow and strengthen cash flow.
Greg Bell, CEO at Skipton Business Finance, said:
"Reaching 25 years is an important milestone for the business and something all our colleagues should feel incredibly proud of.
Over the last two and a half decades, the business landscape has transformed. Markets move faster, customer expectations are higher and businesses increasingly need funding solutions that are flexible, responsive and able to evolve alongside them.
What has remained constant throughout that time is the importance of relationships. We take the time to properly understand our clients, their ambitions and the challenges they face, allowing us to provide funding solutions and support that genuinely help them move forward with confidence.
As we look ahead, our focus remains firmly on the future, continuing to evolve our proposition, invest in our people and support businesses through the next generation of growth and change."