Plymouth recruitment firm secures HSBC UK funding to fund fostering programme
A Plymouth recruitment firm has secured a six-figure finance facility from HSBC UK to safeguard the business during the coronavirus outbreak, enabling it to continue operating its new foster care division and finalise its expansion plans into Birmingham.
RSD Recruitment, which was founded by Rob Dyson in 2016, primarily recruits for the retail, leisure and hospitality sectors but in January 2020, it started a foster care division in partnership with one of the UK’s leading foster agencies. The HSBC UK funding has allowed this fledgling division to continue operating over the last three months.
The funding has also enabled the firm to continue its expansion plans into Birmingham, with plans in place to open an office and employ four new members of staff in the next few months.
The funding was secured from the government-backed Coronavirus Business Interruption Loan Scheme (CBILS).
Mark Self, Area Director for Devon, Cornwall & Somerset at HSBC UK, said: “We are pleased that we could support the business, particularly the new foster care division, during these difficult times and look forward to continue seeing it flourish as they continue to open offices around the UK.”
Rob Dyson, Director of RSD Recruitment, added: “Coronavirus has had an impact on all industries and unfortunately, recruitment is no exception. We hadn’t long launched our new fostering division when the outbreak hit, which was particularly challenging because there was a risk we’d lose this much-needed part of the business. With the help of HSBC UK and especially our relationship manager Sarah Drake, we were able to give our employees a sense of security and continue funding the fostering division we are so proud of, as well as finalise future expansion plans.”