Member Article

UK Bond Network Supports Manchester Business Growth with CIP Recruitment

CIP Recruitment will open a new office in Manchester thanks to funds raised through UK Bond Network, the UK’s first peer-to-peer bond auction platform. The auction, which closed last month, generated a total of £1,125,000 for the company, twenty per cent of which has been assigned to establishing a new North West regional headquarters.

A central axis in what Prime Minister David Cameron has termed the “Northern Powerhouse”, Manchester is undergoing significant business and economic growth. CIP’s focus on the region recognises this, and the opportunity for recruiters operating in the city to help businesses access the talent they need. Manchester’s infrastructure and easy access to the North East and Scotland gives the city an additional benefit to incoming businesses, in that it is well positioned to help access to these markets.

Gary Pinchen CEO of CIP Recruitment comments: “The expansion of our operations in Manchester is a strategically important move for our business. Business growth in the area, combined with a high number of skilled, work-ready individuals emerging from the city’s educational institutions, means there is a real need for recruiters. We plan to house a 35-person team in the Manchester office, employing between 500 and 600 people per day in the city. More than 90% of our staff will come from the local area, bringing invaluable regional knowledge to us.”

Scott Fletcher, who sits on the board of Grater Manchester’s Local Enterprise Partnership, and is Chairman of UK Bond Network adds: “This latest round of fund-raising epitomises what UK Bond Network is about; enabling experienced investors to provide finance to creditworthy businesses that want to grow and support the economy, not just in London but across the UK. We’re incredibly proud of the part we’re playing in CIP’s expansion into Manchester. Our city has so much to offer business in terms of infrastructure and opportunities, and it’s great to see it continuing to develop. Retaining talent in the region will be critical to continue realising our potential as a city, and providing local businesses with the finance they need to grow is going to help give local talent the confidence to stay.”

Speaking of his experience raising finance, Gary said: “Lots of people talk the talk and say they can get you finance, but when it comes down to it don’t walk the walk. UK Bond Network delivered exactly what they said they would deliver. Our expectations were managed, and more importantly, ultimately met. Costings were laid out in advance, and the goalposts didn’t move from initial contact to completion.”

UK Bond Network is a peer to peer bond auction platform offering sophisticated investors the opportunity to invest in UK businesses via secured bonds. It’s the first of its kind in the UK and ensures the best rates for both borrowers and lenders – giving eligible businesses access to fast, flexible, competitive borrowing while offering investors high-yield returns. For more information please visit https://www.ukbondnetwork.com

This was posted in Bdaily's Members' News section by UK Bond Network .