GrassGreener sows expansion seeds following deal
A RECRUITMENT firm is aiming to more than double its workforce and extend its business base after securing a new loan facility.
Leeds-based GrassGreener Group has secured Enterprise Finance Guarantee (EFG) funding from Yorkshire Bank’s business and private banking centre in Leeds along with matched funding from Finance Yorkshire.
The loan is the fourth EFG facility the company has been granted by the bank, which has helped to create 10 jobs since 2007. The new loan facility will help create a further 15 jobs by 2015.
GrassGreener says that more than 40% of its business comes from overseas, including Europe, the Far East, the United States and Canada.
Plamen Ivanoff, executive chairman at GrassGreener Group, said: “We expect the next two years to mark a period of rapid expansion.
“We plan on more than doubling our workforce which will help us to increase our activity in the recruitment sector both in the UK and international markets.
“The continued support of Yorkshire Bank has enabled us to take forward our plans at a time when the availability of finance was the catalyst needed to drive forward our business plan.”
David Maybury, head of Yorkshire Bank’s business and private banking centre in Leeds, said: “GrassGreener Group is a company with a clear business plan and is already enjoying a sustained period of growth.
“Yorkshire Bank is pleased to have supported the company since its launch and looks forward to continuing to develop our relationship in the coming years.”
