Lloyds & Barnes

Type
Business expansion
Country
United Kingdom
Region
Wales; South East Wales; Monmouthshire and Newport
Location of affected unit(s)
Cwmbran
Sector
Financial / Insurance/ Estate
65 - Insurance, reinsurance and pension funding, except compulsory social security
65.1 - Insurance
65.12 - Non-life insurance
111 jobs
Number of planned job creations
Job creation
Announcement Date
11 March 2014
Employment effect (start)
11 March 2014
Foreseen end date
11 March 2019

Description

Insurance brokerage Lloyds & Barnes has announced that it is to create 111 jobs over the next 5 years, with 66 new jobs to be created in the next 6 to 12 months. The company currently employs 10 people.

The company is set to offer a range of new products including all-in-one commercial insurance products.  The Welsh government supported the company with GBP 990,000 of business finance.

Sources

  • 11 March 2014: Walesonline

Citation

Eurofound (2014), Lloyds & Barnes, Business expansion in United Kingdom, factsheet number 76712, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76712.