Tuscan Capital Opens New Regional Hub in Central Birmingham
Bridging lender Tuscan Capital is expanding its geographical reach with the opening of its first regional office in Birmingham - the UK’s ‘second city’ and centre of the booming West Midlands.
The central London headquartered lender said that since launching in 2018 it has built solid growth momentum based largely on business originated via brokers in southern England but that it is now seeing more opportunities in the Midlands, an area in which it is increasingly keen to lend.
Tuscan Capital’s new office is located in Victoria Square in the heart of the city. It will serve brokers in Birmingham and the wider West Midlands together with those operating in the surrounding counties of Shropshire, Staffordshire, Derbyshire, Nottinghamshire, Lincolnshire, Leicestershire, Herefordshire, Worcestershire, Rutland, Warwickshire and Northamptonshire.
Staffing for the new hub will be provided in the first instance by resources from within the existing team. However, the lender said that additional resource will most likely be required in the near future and that recruitment plans are already well in hand.
Colin Sanders, Tuscan Capital’s CEO, said: “I see Birmingham and its surrounding region as a growth area with real character, easy access to the rest of the UK and rapid train links to London. As our second city, it offers a unique opportunity and a young, exciting vibe that promises much for its future.
“It’s also an area that’s well known to me personally. I worked there for many years and it’s where I met my wife. It also happens to be where we’ve chosen to locate the family home - in Knowle, Solihull - so I think I can claim to know a little about it.
“We’re truly excited to be expanding into the Midlands and look forward to forging new, long-term relationships with introducers operating in this dynamic area of the U.K.”