A Derbyshire-based eye care specialist and one of Specsavers’ longest-serving franchisees has created 12 new jobs by expanding into the Nottingham area.
Ilkeston Eyecare secured a £250,000 loan from HSBC to assist the fitting out of its new Specsavers store in Eastwood.
The funding means the firm can significantly increase its business capacity, allowing for further expansion into additional franchises in the Nottinghamshire area in the future.
Ilkeston Eyecare, set up in 1990, was founded by Krishna Parmar, who is one of the longest serving franchisees of the Specsavers brand. Alongside the new Eastwood store, Parmar operates the Specsavers stores in Long Eaton and Beeston. She has recently been recognised for 30 years of service due to her long-standing relationship with Specsavers.
She said: 'I’m incredibly proud of the growth I have managed to achieve since opening the first franchise in 1990. HSBC’s support has been vital in enabling the business to continue to grow and help realise my ambitions. One of my daughters has recently qualified as an optometrist and the purchase of this new premises has allowed her to become involved in the business as a director.'
Paul Smith, HSBC’s area director for business banking in Nottinghamshire & Derbyshire, said: 'Krishna has been a customer of HSBC for over 18 years and we’re thrilled to have helped her take this next step. Krishna has a real passion for this industry and her growth ambitions for the future allows us to be confident that her new Specsavers branch will be a success. HSBC is committed to supporting UK businesses like Ilkeston Eyecare Limited and we look forward to seeing the business grow.'
The funding was arranged by Anthony Greenfield, HSBC’s relationship manager in Nottinghamshire and Derbyshire.