Smith & Williamson advises London Biggin Hill Airport on £15 million corporate finance deal
Smith & Williamson Corporate Finance has helped London Biggin Hill Airport secure £15 million in funding from HSBC for a major development project at the site.
London Biggin Hill Airport is using the funding to construct an additional 140,000 sq ft office, hangar and business aircraft parking facility and a 50-bed four star hotel to meet growing demand for visiting aircraft and access to the airport’s many world-class aerospace businesses.
Smith & Williamson Corporate Finance, which has a longstanding relationship with the airport, introduced HSBC to London Biggin Hill which is home to around 65 aviation and aerospace businesses, including Bombardier Business Aircraft, employing more than 1,000 people.
Will Curtis, Managing Director at London Biggin Hill Airport said: “With the support of our corporate finance advisers at Smith & Williamson, we went through a rigorous selection process to make sure we had the right partner in place to help fund the next stage in our development.”
Iain Lownes, a partner at Smith & Williamson in Bristol, who helped project-manage the funding deal between HSBC and London Biggin Hill, said: “We were very pleased to work with Biggin Hill and advise the Company on its exciting expansion plans. This fundraising will enable the airport to consolidate its position as a centre of excellence for aviation-led economic growth.”
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.
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Smith & Williamson is an independently owned professional and financial services group with over 1,700 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group has twelve offices; these are in London, Belfast, Birmingham, Bristol, Cheltenham, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton.
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