Clothing firm eyes global expansion following HSBC funding

The business behind world-renowned outdoor clothing and equipment brands Rab and Lowe Alpine is set for significant international growth thanks to a multi-million funding package from HSBC UK.

Equip Outdoor Technologies UK Ltd will utilise the funding to support the business ' plans for further growth globally.

The funding will enable the business to repay investors, including long-term partner Gresham House Ventures who have supported extensive investment in product, people, and premises.

As part of the deal, HSBC UK will take on the full banking relationship for Equip, marking the next stage in a seven-year relationship.

Matt Gowar, CEO and owner of Equip Outdoor Technologies, said: “This funding will create opportunities for the continued growth of our business and further innovation to develop ever more sustainable and technical products for our customers. Working with HSBC UK means we can leverage the bank 's global footprint and the international coverage we need. ”

Derbyshire-based Equip 's turnover has continued to increase this year, while expansion in existing and new international markets is expected to lead to further significant growth.

Ambitious forecasts are in place for the next five years.

Graham Brown, relationship director at HSBC UK, added: “It 's great to see Equip move to HSBC as they embark upon this exciting period of growth, with their market leading outdoor clothing and equipment continuing to lead the way across the globe.

“We feel their aspirations for international growth fit perfectly with HSBC UK and we are delighted to be supporting Matt and all the Equip team. ”