Aldermore Bank has provided £2.9m in asset funding to Select Plant Hire for modular accommodation, crucial to the TransPennine Rail upgrade between Leeds and Manchester.
This funding strengthens Aldermore’s relationship with Select, which has seen support for various construction assets since December 2023.
The modular units funded will support a key Government-backed project that promises to enhance connectivity and economic growth in the North of England.
Jon Burrell, business development manager (BDM) at Aldermore, said: “It’s been a pleasure to support Select on this exciting project, which is set to deliver significant improvements to the region’s infrastructure.
“At Aldermore, we pride ourselves on being a trusted funding partner, helping businesses like Select to innovate and grow.
“Their commitment to sustainability and excellence in the construction industry is truly inspiring, and we look forward to continuing to support their journey.”
David Lane, finance leader at Select Plant Hire, said: “Aldermore once again have proven to be an invaluable funding partner.
“Their expertise and flexibility have enabled us to provide vital support to the TransPennine Rail upgrade, one of the most significant infrastructure projects in the UK.
“We value their dedication and look forward to continuing to build a strong relationship as we work towards our science-based targets.”
