Member Article

GrassGreener to expand following Finance Yorkshire investment

A West Yorkshire-based sales and senior management recruitment company has been given the green light for its expansion plans, thanks to funding from Finance Yorkshire.

Stansfield International Ltd, which trades under the name GrassGreener Group, is currently based at Leeds and Bradford Road in Leeds.

The funding package, a co-investment between Finance Yorkshire and Yorkshire Bank, has allowed GrassGreener Group to add four new staff members to its ranks, with a further four to be employed by the end of the year – doubling staff levels compared to the start of 2013.

The Finance Yorkshire Business Loan will also go towards an expansion of its current office space in Leeds next year.

Plamen Ivanoff, executive chairman at GrassGreener Group, said: “The investment from Finance Yorkshire will make our expansion plans for the future possible.

“Having already secured funding from Yorkshire Bank, the extra funding from Finance Yorkshire will now allow us to grow in the way we have imagined.

“In an industry such as recruitment that has struggled in the last few years, at GrassGreener Group we have increased turnover by at least ten per cent in all but one of the years since our formation in 2007.”

Ian Atkinson, Finance Yorkshire’s investment manager, said: “We could see from the quality and experience of GrassGreener Group’s management team that this was a good investment for Finance Yorkshire.

“With our funding, the company will be able to grow and create more jobs, with an expansion on its existing premises also on the horizon.”

Finance Yorkshire provides seedcorn, loan and equity linked investments, ranging from £15,000 to £2m to help a range of small and medium sized businesses to meet their funding requirements for growth and development.

This was posted in Bdaily's Members' News section by Mark Lane .