Lombard has financed a Heidelberg press for Provincial Printing & Publishing, a Cardiff-based printer.
The asset finance deal, worth over £500,000 (€590,600), was financed through the NatWest and RBS SME Regional Fund, which is making £250 million of funding available to SMEs in Wales in 2009.
“I’m delighted with the new press and this acquisition was crucial to our service delivery and medium-term strategy for the business,” said Ian Fitzerald, a director at the company, which namely prints Cardiff City’s match-day programmes.
Jane Marriott, relationship manager at Lombard, added: “I’m thrilled for Ian and Sue [the company’s directors] and it was a pleasure working with them to tailor a finance solution which suited their individual requirements.”
Jason T Hesse