Local Deposits Fund Local Growth

29/4/09

When it comes to the crunch – Yorkshire Bank is thinking local

IN the current tough economic climate, when global forces are evident on every local High Street, Yorkshire Bank is re-confirming its commitment to Doncaster’s  business community.

The bank says its long-standing pledge to invest deposits made locally back into the local community as loans to Doncaster businesses remains as strong as ever.     

Yorkshire Bank is committed to helping Doncaster succeed by investing locally ‘pound for pound’ what it receives in deposits to improve the opportunities for local companies to secure finance and create jobs.

Managing partner of Yorkshire Bank’s Doncaster Financial Solutions Centre (FSC), Heaven’s Walk, Martin Ibbetson, says: “Through our pound-for-pound local commitment we will continue to play a key role in helping local businesses navigate today’s challenging economic climate.

“Ensuring locally-deposited money stays within the local economy means we can reinvest these funds to help the growth plans of other Doncaster businesses.”

During the last five years, Yorkshire Bank’s Doncaster FSC has been able to invest tens of millions of pounds in local businesses including specialist foundations contractor M&D Foundations and Building Services Ltd, which moved into new premises in 2008,  new US-style restaurant Relish Bar and Grill which opened in the town centre last year and the acquisition of All Paws Kennels and Cattery, Everton, Bawtry.
 
Martin Ibbetson adds: “We remain fully committed to working in partnership with the businesses and communities we serve. This means local knowledge comes into play in our decision making process and, despite our global reach, we have never lost the mindset of being a local bank.”