The owners of a performing arts school have bought new premises thanks to a £252,000 commercial mortgage from HSBC 海角视频.
Lex and Suzanne Forrester, the husband and wife team who own the Forrester Academy, have purchased a purpose-built studio called Space 2B, in the north Leicestershire town of Melton Mowbray.
The business had previously had to rent space in schools and community centres to host its dance, music and wellness classes.
Lex and Suzanne said that had limited the amount of classes they could host, giving them no guarantee of sustained income and leading to inconsistent training for their students.
They said the new studio removed that uncertainty, and meant they could put on a regular calendar of activities each week.
Suzanne said: “Not only has our new studio streamlined our business processes, it’s made such a positive impact on the local community.
“Many of our students come from local schools who we already have great relationships with from our time teaching at different venues.
“Thanks to our relationship manager at HSBC 海角视频 Steve Eames we’re now able to offer our students a clear timetable of activity at one central location.
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“We’re truly excited about the future of our business”.
The pair set up the Performing Stars Academy in 2011 and since then it has grown from 42 to more than 600 students.
Forrester Academy now hopes to build on its success in music and performing arts.
David Tomlinson, HSBC’s East Midlands director for business banking, said: “With decades of experience, Suzanne and Lex are both extremely passionate about the performing arts industry and are committed to giving back by educating the next generation of British talent.
“HSBC 海角视频 was happy to support the couple purchase their first-ever business premises.
“It’s a clear sign of what’s to come from them, and we wish them the best on their new journey.”
He said the deal was part of a £500 million HSBC lending fund to support small and medium-sized enterprises in the East Midlands.