Reward Finance continues expansion in North West

Paula Jones and Clive Briggs of Reward Finance

Reward Finance continues expansion in North West

Alternative funding provider Reward Finance, is continuing its expansion in the North West, appointing two experienced finance professionals to its Manchester office.

Clive Briggs joins the company as North West business development director, having spent more than 30 years in the finance arena covering a range of disciplines including commercial banking and invoice finance.

He will also help to raise the profile of Reward Finance and grow the business throughout the North West.

Paula Jones is joining the company as portfolio manager, and will be responsible for delivering the finance needs to Reward’s clients, across a variety of sectors.

She joins from RBS corporate banking where she spent the last 20 years as relationship manager working closely with SMEs.

Clive and Paula join Reward Finance as it celebrates its fifth successive year of growth, with income for the year ended February 2017 increasing to £7.6m and the loan book growing by 25% on the previous year.

In September the company received a £40m investment from Foresight Group, which has doubled the amount of funds available for the company to lend to SMEs.

Speaking about his new role, Clive Briggs said: “I have known the directors at Reward Finance for many years and I have always admired their ‘can do’ attitude and flexibility when it comes to helping SMEs grow their companies.

“The advantage they have over other lenders is they don’t make SMEs ‘jump through hoops’ before giving them an answer. Instead they quickly get a grasp of the situation and provide the company with a quick decision.

“It really is a refreshing approach and I am looking forward to introducing Reward to my network within the financial sector.”

Group sales and marketing director, Nick Smith said: “The fact that Clive and Paula have joined our rapidly expanding team sends out a clear message that we mean business in the North West.

“SMEs are finding it increasingly frustrating when it comes to obtaining finance for their growing businesses. With the team we are building in our Manchester office we can continue to meet the growing demand for a variety of finance options.”