6 | Tees Business
/ ADVICE
Matt Parsons – brought positive
news to meeting of the Teesside
Engineering Network.
TIME FOR A REVIEW?
Every business’s finance requirements
are different.
From card payments to overdrafts, from
property loans to asset finance, from
factoring to stocking loans, the list is
endless.
Each element is as important as the
other. The high street banks offer all of
the above and more, working as a ‘onestop-shop’ for business owners.
This is a simple solution that is effective
and certainly saves time.
Researching the hundreds of available
financial options in the market takes
time and expertise, but there are
lenders out there who offer specialist
and bespoke solutions in each aspect
of finance.
The difference is that these lenders
are usually the most effective and
economic solution for business owners.
Specialist lenders can add value and
knowledge to a growing business,
coupled with market leading rates,
arrangement fees and may even
allow an enhanced facility or more
competitive rates.
These lenders ‘could’ give your
business the competitive edge you
have been looking for, as many have
clever and innovate systems and
processes.
Why not get your financial director or
commercial finance expert to have a
fuller review of the financial products
that you use?
Your lender might be the most suitable,
it may be that there are more economic
solutions for you elsewhere that could
offer an understanding ear.
Either way, it is always wise to review
your financial facilities on a regular
basis, the finance market is ever
emerging and it costs nothing to check.
I hope you find this useful.
Mike Coates
Commercial Expert Ltd
[email protected]
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YOU CAN BE PART OF
£2 BILLION PROJECT!
eesside businesses can now express
their interest in being part of the supply
chain for the £2 billion York Potash
Project that will get underway in 2016.
The scheme, that will feature a 23-mile
tunnel between the mine at Whitby and
processing plant at Wilton, will create more
than 2,000 local jobs, with up to 300 people
directly employed on Teesside.
The world’s largest of its type, the mine
will produce up to 20 million tonnes of
polyhalite at full production.
In an exclusive Video Interview with Tees
Business, Matt Parsons, general manager
external affairs for the project’s owner, Sirius
Minerals, told us: “We’re committed to using
local suppliers, wherever it’s practical to do
so.
“We’re also ensuring that our
principle contractors are aware of those
commitments, and in turn they will be
expected to hold meet-the-buyer events and
to source local suppliers where it’s possible
to do so.
“Once they understand the market and the
nature of the businesses that are in the area,
I think they will want to use them.”
The mined mineral will be transported
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underground in a tunnel from a mine head
at Whitby to a materials handling facility at
Wilton, near Redcar.
Production will initially reach 10 million
tonnes per year, a figure that will eventually
double to make the massive project the
world’s largest producing potash mine.
Sirius Minerals aim to have finance in
place for the project during the first quarter
of 2016, with construction planned to begin
midway through the year.
Speaking at a meeting of the Teesside
Engineering Network (TEN), Parsons added:
“We’re forecasting that there’ll be at least
a thousand people directly employed by us.
That will include around 700 at the mine and
around 250-300 at the Teesside site.
“We’re committed to employing at least
80% of the workforce from the local area,
and as part of our Section 106 Agreement
we’re committed to training more than 300
local people, including 50 apprentices, and
putting young people through university.
“We’re entirely comfortable that we’ll be
able to achieve those targets.”
Businesses interested in being part of
the supply chain can register their interest
at www.yorkpotash.co.uk
Uni building gets £6m upgrade
eesside University’s Orion building has
been completely transformed with
a multi-million pound investment to
develop the scientists and engineers of the
future.
The £6m project has seen a major
refurbishment of the building and
laboratories, together with the latest industry
standard e