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Beaumonts secures Yorkshire Bank funding

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Beaumonts Insurance Brokers has secured a "substantial funding package" from Yorkshire Bank.

It came after previous banking partner Macquarie Bank withdrew from the UK loans market for brokers. 

Beaumonts said that the refinance deal will "allow the business to continue with its ambitious growth plans". The firm added that this could include further acquisitions, as well as organic growth.

Meanwhile, Yorkshire Bank will also provide clearing banking to Beaumonts, a service previously provided by Lloyds.

Craig Seed, Beaumonts' finance director, said: "When seeking a new banking partner

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