Barclays Press Release (08/01/2013):
Northumberland company Potts Print (UK) today announced further expansion plans with new equipment as they continue with their growth strategy plan.
Potts Print (UK), based at Nelson Park, Cramlington, has been in business since 1875 and is now the first Carbon Balanced Printing Company in the North East. They deliver carbon balanced lithographic and customised digital print services to the UK and Europe together with packaging solutions and direct marketing and fulfilment services.
Stephanie Tobin, Finance Director of Potts Print (UK) says: “It’s great that we’ve been able to implement our long term growth plans with this funding from Barclays. The new machinery we’ve invested in will enable us to keep pace with the strong order book we have while maintaining a high level of flexibility, which is something that we take pride in. This continued expansion should lead to employment opportunities that will benefit the north east, which is essential for sustaining the economic growth of the region.”
The funding for the laminator and saddle stitcher has been provided through asset finance under the Government-backed ‘Funding for Lending’ scheme and will provide a cashback of £7,600.
Peter Kirkpatrick, Barclays Relationship Director says: “Potts Print (UK) is a fantastic success story in a very challenging operating environment. The management’s ambitious growth plans are testament to their success and will ultimately create many new and much needed jobs for the North East.”
Barclays hopes that Funding for Lending will create one of the most competitive loan markets in recent history and expects the UK ’s leading banks to offer different cheaper lending products, which will help fuel demand and competition.
Barclays will actively manage its product offerings to respond to these market changes and will introduce new ways of channelling the benefit of Funding for Lending to our customers.
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For high a resolution image please contact Laurie Cansfield at Potts Print (UK).
Corporate Communications Manager
Potts Print (UK)
The first Carbon Balanced Printing Company in the North of England
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