The agreement involves the provision of credit facilities to the Group, operating accounts for both the Group and its clients, case by case specialist services and funding for portfolio companies.

The partnership replaces that which the Group enjoyed with HBoS before it became part of Lloyds Banking Group.

Braveheart Investment Group makes and manages investments in young, emerging British companies, specializing in building tax-efficient portfolios for business angels, high net worth individuals and family offices.

Geoffrey Thomson, CEO of Braveheart, said: “We are pleased to announce this partnership. Given our increasingly international focus we felt it was important to work with a bank that offered clear expertise overseas as well as a strong footprint here in the UK. HSBC is developing its SME business in Scotland, where Braveheart has its headquarters, and understands how important the private company growth market is to the UK as a whole.”

John Rendall, CEO of HSBC Scotland said: “We are delighted to welcome Braveheart Investment Group as a new client and provide them and their associated companies with the finance package and relationship-based banking approach to support their business growth.

“Our emphasis on providing relationship management through our Commercial division and within our branches continues to attract new customers to HSBC, and our international reach will undoubtedly provide Braveheart Investment Group with a seamless banking service as they look to develop their business overseas.”

Will the partnership benefit the firms?

Have your say and discuss with your peers on the InfoGrok community.

Participate by posting your comments now.