White Oak, an alternative business lender, has moved its headquarters to Chester city centre to accommodate its continued growth both in the region and across the UK. The company says the new space will provide the room for its expanding operation with plans to add over 40 new employees in the coming month. In a time of work from home (WFH), White Oak says they are committed to office-based work as their permanent model.
White Oak will maintain offices in London, Glasgow and Southampton. The company says it will be one of the largest employers in Chester.
White Oak notes that it is very supportive of local businesses in the region having announced earlier this year that it had committed £40 million to businesses in the North West as well as supporting businesses throughout the UK during the Covid-19 pandemic by providing almost £400 million in Government-backed CBILS loans.
James Felton, Chief Operating Officer of White Oak Europe, said:
“The new office move to HQ, Chester is a major statement of intent for White Oak’s continued growth and evolution. The relocation to Chester reaffirms our commitment to the North West as our home where we can continue to support our customers in the region and across the UK. The move brings all our colleagues together helping to foster stronger working relationships and to deliver a highly interconnected and efficient service for our customers. The move also celebrates the recent successes of White Oak in doubling its lending to UK SMEs since the start of 2020 and looks to the future with space to accommodate a significant hiring initiative which will see up to 40 new staff join the business in the coming months.”