Shore Group secures £20m funding from Santander

The Shore Group, a Hove-based recruitment agency, has arranged an invoice finance facility from Santander UK to help its growth plans.

The recruiter, which provides temporary skilled workers to a range of sectors, has secured a £20m facility and full transactional banking services. A Santander UK statement said that the Shore Group will use the Working Capital Facility for day-to-day capital requirements to help the business accelerate cashflow to assist growth. 

Shore provides skilled tradespeople for small projects through to long-term builds in sectors including construction, telecoms, rail and aviation. In 2018, the company helped fill 20,000 temporary vacancies.

Santander UK is also providing the firm with full-service banking including BACS and Air Plus corporate cards.

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