The deal underscores UKEF’s commitment to supporting UK businesses in their international expansion and sustainability goals.
OOSC Clothing, a skiwear brand renowned for its eco-friendly ethos, is poised for international growth with a £1.4 million export finance package from the UK Export Finance (UKEF) in partnership with HSBC UK.
Tim Reid, CEO of UK Export Finance, said “In less than a decade, two friends have taken a quality idea and used it to create an iconic UK brand loved and worn in over 50 countries. Innovation is in the DNA of British business, and this is what UK Export Finance is here to support. I am proud for us to be helping these trailblazers realise their potential and ensure that finance doesn’t stand in the way of great ideas.
Nick Marsden, Co-Founder and Director of OOSC Clothing, said, “UKEF has played a critical role in facilitating our international growth, strengthening our presence in existing markets and entering new ones. We simply would not have grown as fast as we have without its support.”
Ben Clarke, Global Relationship Director at HSBC UK, said, “We’ve worked closely with OOSC for the last few years as they’ve expanded their brand, and we’re delighted to be supporting them with the next stage in their international expansion. HSBC UK is committed to leveraging our global strengths to help ambitious UK businesses like OOSC to succeed both domestically and globally.”
Supported by the financing package, OOSC aims to fulfil international orders from prominent retailers like ASOS and Decathlon while expanding its inventory to accommodate the surge in global sales.
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