Growth ahead for Digby Brown thanks to £5m funding

Growth ahead for Digby Brown thanks to £5m funding

Scottish personal injury solicitor Digby Brown is set to invest in its infrastructure, staff and marketing after receiving £5m funding from HSBC.

As part of the firm’s wider growth strategy the HSBC funding package will support its ongoing staff boost, which has already seen the firm appoint three new specialist partners in May.

Over the last two years headcount has grown by 22%.

Fraser Oliver, chief executive at Digby Brown said: “Client care and the delivery of excellent service is the top priority for Digby Brown.

“We are currently enjoying double digit annual growth and the new facilities provided by  HSBC will allow us to maintain this and continue to deliver the excellent client service levels we pride ourselves on”.

Grant Bett, relationship director at HSBC, said: “Digby Brown has demonstrated a tremendous appetite for growth and required the right business infrastructure to support this.

“We worked closely with the team to provide a facility which not only funded their short-term plans but also supported their ongoing and evolving needs in the long-term.”

These funds are allocated from the bank’s national £10 billion SME fund to actively support UK SMEs. £450 million is specifically designated to support Scottish firms and rebalance the economy outside of London.

John Keenan, finance director at Digby Brown, said: “Having recently joined the company it became apparent that Digby Brown needed a bank that would really understand both our balance sheet and our business.

"HSBC’s expertise met with our ambition and we are now on track to exceed our strategic goals for 2016 and beyond.”

 

 

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