 BUSINESS OF THE MONTH: YORKSHIRE BANK Yorkshire Bank regards Merseyside as one of the UK’s leading centres of economic growth – and has invested in the city accordingly. In the spring the bank’s Financial Solutions Centre in Moorfields launched a £100m property fund for the city – and within weeks had to double its own lending target for the Liverpool property market to £200m to cope with demand. Ian Spink, Liverpool managing partner, said: “The level of interest from developers and investors has been quite remarkable, reflecting our own confidence in Liverpool’s economic prospects. “We are backing a whole series of high quality residential and commercial projects, as well as providing six-figure sums to private individuals for investments in the buy-to-let market. The on-going level of activity demanded that we set ourselves more ambitious objectives.” Yorkshire Bank has also beefed up its Liverpool team, appointing additional partners across a whole range of disciplines including asset finance, business development, acquisition funding, treasury solutions and wealth management. Ian Spink, added: “We go where the growth is. Our strategy is to focus on the regions where there is real potential and business to be done – and that is certainly Merseyside. We don’t have a crystal ball but we have a great deal of confidence in Liverpool continuing to prosper over the next five years.”
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