Savings firm gets funding to aid expansion


North East business cost reduction specialists Great Annual Savings is the first company in the region to benefit from the Santander Growth Capital Fund as part of the bank's Breakthrough programme. The loan will enable the company to reduce their variable costs and accelerate plans to expand, which includes increasing staff headcount in the coming months, as well as investing heavily in skills development. Great Annual Savings also intends to further develop its ICT infrastructure and is set to move to new headquarters. Vanessa Collins, Relationship Director for Santander Corporate and Commercial Banking said: 'We feel strong that SMEs are vital to the health of the UK economy. The North East has many ambitious, fast-growing businesses that will play a key role in creating jobs and generating economic benefits for the region. We're delighted to have supported Brad and his team at this important point in the development of their business and look forward to working with them.'


Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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