REWARD FINANCE OPENS FIRST OFFICE IN SCOTLAND
A Leeds-based alternative funding firm has opened its first Scottish office and appointed a new member of staff to lead it.
Based in Edinburgh this new office will be run by Brian Machray (pictured above) who joined Reward Finance Group from Allied Irish Bank, where he headed up a division specialising in finance for manufacturing and industrial sectors.
During his career he has worked in the UK and Australia, delivering acquisition, property and infrastructure finance on behalf of companies including Westpac institutional Bank, Bank of Scotland and Clydesdale Bank.
He will be working with his large network of Industry groups, finance brokers and introducers to provide small and medium-sized-enterprise (SME) funding across the whole of Scotland.
Brian said: “It has become extremely difficult for well-run SMEs to attract finance in various sectors throughout Scotland, particularly in manufacturing, industrials and niche property finance sub sectors.
I strongly believe that the product offering and seamless funding process provides an ideal solution for many SMEs who have found it difficult to gain traction to funding lines in the current climate.”
Nick Smith, group managing director of Reward, added: “The success of regional offices is having experienced funders and well-connected people in place, and Brian has both in abundance.
He appreciates the ‘can do’ way we support SMEs, with our flexible and pragmatic approach, and the way we have simplified our lending products to just two – business finance and asset-based solutions – to quickly meet their needs.”
He added: “We are therefore looking forward to introducing our unique approach to funding across Scotland.”
