World-class research firm goes for global growth

Date: 29-01-2016

Tagged as: Case StudySouth EastTransportSME

“We have an ambitious plan for the next three years, so it’s imperative that we have the financial resources in place to support the company as we continue to grow.” Rob Wallis, Chief Executive, TRL

TRL, the UK’s Transport Research Laboratory, provides independent world-class research, consultancy, testing and certification for all aspects of transport for a client portfolio spanning 145 countries worldwide. Supported by a new funding package from Lloyds Bank, TRL is poised to generate growth and help shape the future of transport and mobility.

A pioneering outlook

Originally set up in 1933 by the government, TRL was privatised in 1996 and now has 320 employees across its Berkshire headquarters, regional offices, and international presence in the Middle East.

Key areas of expertise include intelligent transport systems, infrastructure design and maintenance, vehicle safety design and testing, human factors assessment and incident investigations.

“TRL has been highly regarded for many decades for its independent, evidence-based research and world-leading innovation in the transport and mobility marketplace,” confirmed Rob Wallis, Chief Executive, TRL.

Looking to the future

The funding package from Lloyds Bank will enable TRL to meet the cost of future strategic acquisitions, support job creation and help strengthen its export offering.

The new funding will support growth at home and overseas, Rob notes. “We have an ambitious plan for the next three years, so it’s imperative that we have the financial resources in place as we continue to grow.

“The agreement with Lloyds Bank not only provides us with flexible financing facilities and services, but a strategic business relationship, enabling us to execute our growth plans with greater confidence.”

Peter Jackson, Relationship Director, Lloyds Bank Commercial Banking, added: “We’re pleased to support TRL’s plans, and I’m confident that their global influence and regional impact will only become stronger.”

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