HSBC supports green recruitment firm with growth plans

A green global recruitment business has secured £5m financing from HSBC UK and $1.5m from HSBC Taiwan, to support its growth and expansion plans both locally and internationally. LSP Renewables, a fast-growing renewable energy recruitment business, will utilise both the funding and the global HSBC network to support its growing business.

The business required a global banking partner who could understand their specific requirements and provide them with the flexibility to grow, whilst providing support to their international subsidiaries particularly within Taiwan.

HSBC UK was able to provide a tailored green working capital finance solution for the business, providing access to accelerated cash in multiple geographies. Additionally, HSBC Taiwan provided a $1.5m Green Service Trade to support the subsidiary in the country, which was facilitated by Aaron Boland, Global Relationship Manager, HSBC UK.

Rajeev Hemdev, business development manager for global trade and receivables finance (GTRF) at HSBC UK, said: “We are pleased to have supported LSP Renewables plans for growth through the provision of this green funding facility and through our global network, which provides unparalleled local insight and partnership through our on the ground teams.”

Stanley Hsiao, head of commercial banking at HSBC Taiwan, said: “The wind power industry is set to rise in Taiwan and has gradually become a new engine to drive the island’s economic growth, of which the key is offshore wind talents. HSBC Taiwan is pleased to continue to providing unique Green Service Trade Loan for international renewable energy staffing company.”

Adam Grainger CEO at LSP Renewables said: “We are delighted to partner with HSBC to support the continued growth of our business on a global scale. As a leading specialist provider of recruitment and talent solutions to the Renewable Energy industry, the fact HSBC were able to offer a 100 per cent green financing solution matched perfectly with the environmental goals and objectives of our business.

“We very much look forward to working with HSBC over the years ahead to allow LSP Renewables to further support the growth of the Renewable Energy industry as it expands globally.”

Founded in 2017 and headquartered in the UK, LSP has grown twelvefold since 2018, and has expanded to multiple geographies. It focuses upon placing candidates within onshore and offshore wind, solar, green hydrogen and electric vehicle charging industries.

By Mark Adair – Correspondent, Bdaily

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