Ipswich-based Call Connection Ltd, the UK's largest insurance-led generation business, has secured £3 million funding from Lloyds Bank Corporate Markets to help it and its associated companies grow and create new jobs.
Call Connection is the owner of the successful price comparison website, Tiger.co.uk, and has won a number of important new contracts with insurers over the last 12 months.
The facilities provided by the Lloyds Bank Corporate Markets team in East Anglia include a long-term loan and working capital to support the day-to-day running of the business and allow the Call Connection management team to pursue new ventures.
Call Connection, which has switched bank for the first time in 20 years, employs 275 people in Ipswich and hopes to increase this number to over 300 by the end of 2012, as part of its continued expansion plans.
Graeme Kalbraier, Managing Director of Call Connection, said: “Lloyds has provided us with the funding to manage our existing business and is backing our expansion plans 100 per cent. We’ve been really impressed by the bank’s dedicated team taking the time to fully understand our business.”
Richard Todd, relationship director for Lloyds Bank Corporate Markets in East Anglia and the South Midlands, added: “We’ve been watching Call Connection’s impressive growth from the side-lines for a number of years so now we’re delighted to be able to support the firm in its expansion.
“The deal also provides a boost to the local economy with the prospect of new jobs at what is undoubtedly a turbulent time for many people. Call Connection is an excellent example of a local company investing solidly in its future and happily bucking the economic trend.”
• PHOTOGRAPH SHOWS: Call Connection MD Graeme Kalbraier and Richard Todd of Lloyds