In spite of the recession and bank lending at a minimum, Nicko Williamson, founder of Climatecars, has secured £200,000 from Clydesdale bank to expand his company’s fleet of environmentally friendly hybrid cars. Climatecars provides an environmentally friendly alternative to black cabs or other taxi services.
Recent reports have shown small businesses are making much lower loan demands which highlights the effect of the recession on plans for expansion. But Climatecars is set to grow in the financial year 2011-12 by adding a further 45 cars to its fleet using the line of credit from Clydesdale. This is a good sign for small business and may indicate a pick up in economic growth.
The partnership between Climatecars and Clydesdale commences this month when Climatecars moves its commercial banking to Clydesdale bank as part of their agreement. The car service hopes this is the start of a fruitful working relationship.
Williamson said "As an ambitious and growing company we are pleased to be working with Clydesdale. We see this as an encouraging sign for the economy and UK small and medium sized enterprises and hope this is the start of a long relationship with Clydesdale.
“The new vehicles will allow us to further grow our client base and offer a better service to existing customers with faster response times around London 24 hours a day, seven days a week, 365 days a year.”