Leighton Buzzard steel firm’s funding boost set to create new jobs for town

Funding from HSBC UK is set to lead to significant growth for NGR, with projections showing an increase of 10% per annum and 30% in total over the next three years. This expanded growth is also expected to create new job opportunities in the business for the local area.

NGR, which is based in Eastern Way, supplies the construction industry with reinforced metal cages, expects to add between four to six jobs in the short term in the next six months.

Going forward, around 12 months from now, strong growth locally means the company will look to add another four to six jobs, totalling up to 12.

Kamal Neckoula, director at NGR, said: “The funding from HSBC UK has been invaluable as we look to take our business to the next level. By purchasing materials in bulk, we can lower our costs and grow more sustainably, helping us to achieve our growth targets over the next few years and bringing new job opportunities to the local area. The support from our relationship manager at HSBC UK, Adam Lothian, has been very helpful throughout this funding process.”

Mark Lupton, area director at HSBC UK, added: “HSBC UK will always look to back manufacturers such as NGR, enabling them to manage their cashflow and support their future operations as they expand which is invaluable in helping to provide growth and jobs to the local community.”

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