Banking on the growth of new Dunbar garden centre

A NEW garden Centre currently under construction on the outskirts of Dunbar is on track for a spring opening.

The new garden centre represents a ?2.5million investment supported by NatWest Scotland, and the Berwick-based developers estimate that it will bring with it over 40 new jobs to the area.

Dunbar Garden Centre will finally be unveiled as the culmination of a project which first started back in 2005. The driving force behind the venture is Nick Crabbie, managing director of Berwick Garden Centre Ltd, an independentbusiness which was established exactly 30 years ago. Nick, who runs England?s most northerly garden centre is committed to promoting the highest standards of horticultural retailing. The centre will create much needed new jobs including management, full-time, part-time and weekend positions. Well over 600 applications have been received to date.

NatWest have provided a funding package to support the development and build of the centre as part of the bank?s Funding for Lending Scheme (FLS) which is a Government backed scheme launched by the Bank of England and HM Treasury in July last year. The bank announced its ?2.5bn FLS fund last year to demonstrate its commitment to provide more accessible funding to support SMEs with growth plans.

Nick Crabbie said: ?It was crucial for us to establish a bespoke funding package for our proposal. After considerable investigation we found that our existingbankers NatWest Edinburgh, came up with an arrangement that fully met our needs. We received four offers from different banks but what swung the deal in favour of NatWest was the advice received for the structure of the borrowing and the attention to detail that followed?.

Alasdair Seftor, of NatWest added: In Nick and his senior management team we have experience, knowledge and a fantastic track record in this sector. We are delighted to have been involved.?


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.