- Type of finance
- Business need
Growing a business
"Our market position, supported by our great staff and funders, has also allowed us to take on a significant number of apprentices to ensure the future for marine engineering and shipbuilding in west Wales remains bright."
Marine engineering firm Mainstay borrowed a six-figure sum from us and Barclays to facilitate a warranty bond for a substantial contract to build the replacement Cowes floating bridge on the Isle of Wight.
Since beginning operations in 2014 with a staff of 31, the company has created an additional 50 jobs in the area – from naval architects and mechanical design engineers, through to fitters, welders and business development staff.