New relationship will deepen White Oak UK’s connection with UK SMEs seeking funding for growth
White Oak UK, one of the UK’s leading non-bank lenders supporting SMEs and mid-corporates, has today announced it is partnering with the Institute of Chartered Accountants of Scotland (ICAS).
This new venture will help to expand White Oak UK’s relationship with the business community, providing ICAS’s 23,000 members, 3,700 CA students, and their clients with access to flexible funding solutions to support their growth ambitions.
This strategic partnership forms part of White Oak UK’s commitment to supporting Scottish businesses, following its recent pledge to lend £80m to SMEs across the country in 2023, as it looks to build on the momentum made in the market last year.
With an office in Glasgow, White Oak UK is one of the few alternative lenders offering working capital solutions to Scottish businesses from a local base. The firm is already active in the market, with Scottish loans representing 15% of White Oak UK’s overall lending activity last year. This figure is only set to grow throughout 2023 as White Oak UK becomes a trusted partner of ICAS and expands its stake in the Scottish market.
Christian Elson, Head of Strategic Origination Partnerships at White Oak UK, said: “We are pleased to announce our partnership with ICAS, which will give Scottish SMEs even better access to funding to maximise their potential in 2023. We have extensive knowledge of the Scottish market with a dedicated team on the ground and have been impressed by the business community’s drive and resilience. It’s ambition like this we are primed to support with our flexible funding solutions, and we look forward to continuing to drive momentum in the Scottish market.”
Bruce Cartwright, Chief Executive at ICAS, said: “We are delighted to partner with White Oak UK for commercial lending solutions for our members. They are a well-established organisation and will be able to provide our members from across the UK with flexible funding options. This is a great opportunity for our members to grow their business with the right support from White Oak UK, who will also have a dedicated account management service available for ICAS members.”
Talk to us
If you are looking to find the right finance for your business, contact us today.
Enjoying these articles?
Subscribe to our insights newsletter.
