EMC Corporate Finance secures an eight-figure package for Shoreham Port provided by HSBC UK

August 2022

Deal Type

Fundraising – Debt

Our role

Lead Advisor

InfrastructureTransport / Logistics

EMC Corporate Finance is delighted to announce that Shoreham Port has secured an eight-figure package with HSBC UK to consolidate existing facilities and fund future growth

The organisation, one of the largest cargo handling Trust Ports on the South Coast, will use the funding package to expand cargo handling facilities to keep up with demand, develop its commercial property estate and enhance terminal capacity.

With ambitious aims to play a proactive role in regional decarbonisation, the certified EcoPort will continue its investment in the Shoreham Port Green Energy Hub, a pioneering project creating cost effective green hydrogen- a clean fuel for locally based fleets.

Sustainability-linked facilities from HSBC UK will enable the Port, which has a 260-year history, meet its environmental targets on waste and emission reduction and its regional economic objectives around training development and educational placements. The Port will also use part of the funding package to launch its biggest ever apprenticeship scheme, creating new jobs for the local community.

Tom Willis, Chief Executive Officer at Shoreham Port, said: 

We are delighted to be announcing a new financial partnership with HSBC UK. We are confident we have found a financial partner who understands our 260-year history, our values and community responsibilities as a Trust Port. As ever, our Masterplan is focused on improving the Port for everyone and this collaboration with HSBC UK will enable the next phase of our sustainable growth. Our plans at the Port will continue to facilitate economic recovery, create more good quality local employment and, through the Shoreham Port Green Energy Hub, make a significant contribution to the region’s NetZero ambitions.

From the outset of the process our Board made the decision to appoint EMC Corporate Finance, led by Michael Pay, to advise and assist the Port in the delivery of our financial strategic plans. The support from Michael and his team was invaluable throughout this project and certainly demonstrates why EMC is the South East’s leading independent provider of business management and corporate finance advice.

Michael Pay, Co-Founder and Director of EMC commented 

We are delighted to have been selected to work with Shoreham Port to facilitate this successful collaboration.

 Working with the Board it was apparent that, rather than just refinancing existing facilities, what was really needed was to put in place arrangements that would support the Port through the rest of the decade and beyond. Acting as trusted custodians, Shoreham Port’s financial partnership with HSBC will enable the Port to grow sustainably while boosting the local economy and drive innovation in the Maritime industry and we are delighted with the successful outcome.

Shoreham Port were advised by EMC Corporate Finance (Lead and Debt Advisory), DMH Stallard LLP Stallard (Legal) and RSM (Financial).

HSBC UK were advised by Blake Morgan (Legal).

The EMC Team

Michael Pay

FCA