HSBC provides £4m in funding to Clydebank franchise business
HSBC has provided £4 million of funding to a Clydebank-based franchise business to expand its McDonald’s restaurant franchises across central Scotland.
The deal will see Leven Vale Restaurants open a new restaurant in Port Glasgow at the end of October plus the refurbishment of up to seven other restaurants.
Leven Vale, owned and managed by Steve Tomlin since 1994, hopes the new Inverclyde restaurant will create up to 100 new jobs for the local economy.
Grant Bett, relationship director at HSBC in Scotland, said: “Steve has exciting plans for his business as he looks to add to his portfolio and improve the restaurants he currently has, to the benefit of the local economies. We’re thrilled to be able to support this growth through a loan and debt refinance package and look forward to seeing where it helps take the business next.”
Mr Tomlin added: “The package HSBC put together was fantastic. It was more than just financial support, they offered wellbeing seminars for staff and group meetings throughout the process. The ambition of the bank overall matched our own and we’re thrilled with the support we’ve had from Grant and his team to date.”
The expansion and improvements programme follows the opening of a new McDonald’s Restaurant, operated by Leven Vale, at the Great Western Road Retail Park on the A82 last year which created 90 new jobs.