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Hornby Commercial Finance founder highlights South Cumbria's resilient economy

Hornby Commercial Finance founder highlights South Cumbria's resilient economy

Hornby Commercial Finance founder highlights South Cumbria's resilient economy

Posted: 17/06/2021

Hornby Commercial Finance has highlighted the unique features of South Cumbria's supply chain economy which have been key in protecting the area over the last year.

Several sectors in Cumbria's economy have been able to continue with plans for expansion and investment in new equipment despite the trials caused by the pandemic.

Financial expert and managing director of Hornby Commercial Finance, Karina Gallagher said: "Accessing the right commercial lenders from the outset had been instrumental however in order to secure successful deals for growth.

Some parts of the economy in this area have been insulated from the uncertainty brought about over the last year.

"Businesses linked to the supply chain in particular can be working on contracts a decade ahead and many managed to adapt to Covid-safe working practices very quickly so they could continue to deliver.

"Being able to advocate for these firms - highlighting their particular strengths and the strengths of this area - to get them the right deal is what this job is all about for me. But it's also vital in terms of unlocking the borrowing these firms want to access."

“I am so proud of all we have achieved so far.

"Covid has impacted everyone in some way this year, including us, and yet we have still delivered in excess of £5 million of funding to our local business community last year.

“This has undoubtedly been one of the most turbulent periods in business many will ever have experienced and this funding has been essential to the survival and continued confidence to move forwards for these businesses."

“Having lived and worked in Cumbria for all of my career means that I stay close to what’s going on in my local business community.

"I have formed excellent working relationships with many local professionals over the years and this helps me to work collaboratively with them to provide the finance element needed to make a deal happen."

While many challenges still remain under Covid restrictions, it is hopeful that a financial recovery may follow soon after lockdown comes to an end.

Hornby Commercial Finance was launched by Karina in partnership with Ulverston-based JF Hornby Ltd in 2017.

The business involves Karina providing a local independent access point into a variety of national lenders.