Eric Wright secures additional £35m funding

Bamber Bridge-based Eric Wright Group has agreed an additional £35m of funding with the Royal Bank of Scotland.

The additional finance will be used to sustain long-term growth and profitability.

The organisation employs 645 people across the region working within a number of sectors. Amongst its current projects is the 65 hectare Cuerden strategic development site being brought to market in partnership with Lancashire County Council.

The construction business is also heavily involved in the construction of numerous private residential schemes within central Manchester, helping the regeneration of areas around Ancoats.

Jeremy Hartley, group managing director, said: “The increased facilities provided by Royal Bank of Scotland will ensure our business continues to grow and deliver its strategic objectives across all its areas of activity. The pipeline of future projects is very exciting and the renewal is timed extremely well to support the future development of the business.” Andy Clarke, director of Royal Bank of Scotland Real Estate Finance, said: “2018 looks set to be an excellent year for Eric Wright Group as it drives forward its ambitious growth plans. It is very rewarding to have supported them on this journey.”