SME finance provider Funding Circle has expanded its broker teams with three hires focused on the UK regions of northern England and Scotland.

Mike Morris, formerly at Close Brothers Retail Finance, joins Funding Circle as regional manager for the north region and Scotland, bringing with him over 10 years of experience in commercial finance within asset-based lending and leasing finance. Cameron Ritchie and Nick Newton also join the team as business development managers.

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Over his career, Morris has helped to grow Close Brothers Retail Finance from a relatively new business to over £100m in annual sales in just three years. In addition, he supported the creation of a broker channel at Thinksmart, a digital payments provider, to promote asset-based lending.

According to Funding Circle over £1bn has been lent through the broker channel, supporting the growth of more than 9,600 businesses up and down the country.

Morris said: “I’m hugely excited to be joining the team at Funding Circle. The business continues to grow at an incredible rate year after year and our offering to small businesses keeps getting better.

Helping Funding Circle become the first choice that introducers recommend for small business finance is something I’m very passionate about, and I’m looking forward to supporting our valued introducers in the North and Scotland over the coming months.”

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Cameron Ritchie, recruited from an asset management firm where he worked as an account manager, joins Funding Circle as the first business development manager for Scotland. Nick Newton joins Funding Circle as the north east business development manager in December 2018, bringing with him six years of experience in commercial finance.

Tom Shave, head of broker at Funding Circle, said: “Over the past year, we have seen a 50% increase in new broker registrations, demonstrating a growing demand for fast, flexible and fair business loans nationally.

“We recognise the significant role commercial finance brokers play across the country in helping their customers access the finance they require, which is why we remain dedicated to providing them with the best possible service. Bolstering the north is of strategic importance to the growth of Funding Circle’s Broker Team and we look forward to building out our proposition there with these new hires.”