Businessman working in Canterbury

UK Mobile Bars

The Regional Growth Fund is already making a big difference for Canterbury business UK Mobile Bars, which provides a bar hire service for weddings, parties and events across the South East.

Owner Paul Bishop successfully applied for a £32,500 interest-free loan from Expansion East Kent, for the business he founded in 2009.

“Since receiving the loan we’ve seen a very large growth in our client portfolio, and we have been able to secure office space to showcase our services. This has enabled us to work with exciting clients including Southern Comfort and Volvic”, Paul says.

 

“We’ve been ready to grow the business for a while, and the loan has given us the financial resource we needed"


UK Mobile Bars is looking to hire 12 more staff over the next 18 months, and before securing the loan had been held back from this growth cycle by a lack of resource. “We’ve been ready to grow for a while but have previously been held back through a lack of financial resources”, Paul says.

On the loan, he comments: “We looked into more traditional routes of funding but doing it this way makes you feel that you’re working as part of a regional growth initiative, making a real difference to the local economy”

“The loan has boosted our cash flow, and allows us to employ people at the time of year where we have plenty of time to train them up to our professional standard.”

 

“Since receiving the loan we’ve already seen a significant growth in our client portfolio and have expanded our office space"

 

“We need to invest in our people, it’s the only way we can deliver growth”, Paul says. “Demand is definitely there, and we already have a record number of bookings secured for 2013.”

He is also a strong advocate of the role the Regional Growth Fund is playing in East Kent: “With this scheme you can feel there is a movement behind it, a driver, it has momentum and support. You have a responsibility to support the local economy and local businesses and we aim to keep doing just that”, he concludes.