Redwood Bank opens up in Warrington

Britain’s newest business bank has opened up in Warrington.

Redwood Bank officially launched its local office in the heart of town.

The new bank, which launched in August, aims to offer an alternative for small and medium sized organisations in and around the town and the heartland region of the North West.

Redwood provides loans to business owners in the area, secured on their commercial property, together with loans to professional landlords, secured on their residential or commercial investment properties.

Speaking at Redwood Bank Warrington’s official launch event from the Halliwell Jones Stadium, Gary Wilkinson, chief executive and co-founder, said: “We are proud to be open for business and to launch Redwood Bank Warrington and to confirm our commitment to helping local businesses thrive.

“I would like to take this opportunity to thank the Warrington community for welcoming us into your town and we look forward to helping local businesses unlock their full potential.”

Warrington Borough Council is a major shareholder in the bank in what is a unique public-private partnership which aims to stimulate sustainable economic growth in Warrington and the surrounding area through community-style business lending.

Cllr Russ Bowden, executive board member for corporate finance, Warrington Borough Council added: “In Warrington, we are doing everything we can to support the local economy and help businesses thrive. It’s an important part of securing a better future for the borough.

“These proposals are part of this wider work. It’s about us doing things differently and using innovative financial approaches to support growth and sustainability in Warrington.”