ICP Networks have clinched a £5 million partnership with global banking giants HSBC.
The South Manchester based IT and Networking specialists have ambitious plans for a European expansion package after a hugely successful first year in their new global £1 million headquarters.
ICP Networks specialise in buying and selling new and refurbished IT networking from leading supplies such as Cisco, Avaya, HP and Juniper with clients all around the world – as well as specialising in IT asset life cycle management and Green IT.
Their stunning new headquarters, already dubbed the ‘Greenest IT HQ in Britain’ because of it’s eco-friendly build features, provides the perfect opportunity for the business to look to expand it’s European horizons – whilst developing core activities within the UK.
Expansion
HSBC’s Manchester Commercial team have pledged to back ICP Network’s expansion plans with a £4.8 million finance package. The package consists of loans, invoice financing, trade finance and foreign exchange products.
ICP Networks MD Matt Archer, said: “We are delighted with the suite of funding solutions provided by HSBC as it allows us to continue our growth, which is critical for the success of the business.
“Neil Ward and the Manchester Commercial Team of HSBC have displayed a wonderful intuition for our business, and the growing needs of our company, combined with their overwhelming enthusiasm.”
The HSBC deal, managed by Senior International Commercial Manager Neil Ward has been allocated from a £200 million fund launched by HSBC to support SMEs across Greater Manchester.
HSBC’s Manchester Area Commercial Director Jason Trigg added: “ICP Networks is a forward thinking business, as demonstrated by the investment it has made in its new HQ, which is a great example of how commercial buildings should operate.
“This funding will support the company’s growth at home and in Europe by enabling to expand its stock holding and improving its ability to offer a broader range of services to its customers.”
Read the HSBC press release by clicking this link.
Media Reaction
ICP Network’s partnership with HSBC has been the talk of the media generating significant coverage in regional press including The Manchester Evening News, BusinessDesk.com and significant coverage within the trade press.
