A new managing director has taken the helm at alternative lending provider Finance For Enterprise.
Andrew Austwick joined the company in 2013, initially as an investment manager, after spending much of his career working in the commercial banking sector.
His appointment forms part of Finance For Enterprise's business succession plans and follows a period where he worked alongside his predecessor Arthur Foreman.
Andrew Austwick said: "I've learned a lot during my time working alongside Arthur. Although he is stepping down from his role as MD, he is remaining on the board and will continue to play an important role within the organisation as a director of the company.
"Finance For Enterprise has invested in excess of £50m into SMEs in the last ten years, and since the outbreak of Covid-19 in March, we have acted swiftly to support many businesses which have been affected by the pandemic through no fault of their own.
"2020 has been a very eventful year so far, but I'm keen to ensure that SMEs throughout the region can access the right help at the right time, enabling them to look forward to a brighter future, post Coronavirus."
Arthur Foreman added: "Andrew's appointment forms a key part of our long-term succession plans and it's fitting that it comes in a year which sees Finance For Enterprise celebrate its 35th anniversary and at a time when the organisation is continuing to extend its coverage as a key regional finance provider.
"With Andrew as MD, Finance For Enterprise has the right leadership and direction to continue to develop and further enhance its impact. As I step down from my current role, I am totally confident that the future of the organisation is in safe hands and I wish Andrew every success."
Finance For Enterprise supports SME businesses throughout Yorkshire, the Humber and the north midlands, providing business loans up to £250,000.
In the last eighteen months, the company has completed the purchase of new premises to act as the company's headquarters, secured £15m additional capital from Big Society Capital and Triodos Bank to support loans to the region's businesses, and extended its coverage to businesses operating in the Humber region and in Lincolnshire.