Halley Stevensons becomes employee owned with £2.5m HSBC support

Dundee-based manufacturer, Halley Stevensons, has secured a £2.5m funding package from HSBC UK, supporting its transition to employee ownership. Underpinning its long-term future, the funding has enabled Halley Stevensons to establish an Employee Ownership Trust (EOT), facilitating the buyout of its previous shareholders through a deferred payment structure. Founded in 1864 as a cotton mill…