A Letchworth specialist business bank is aiming to pick up an industry award for an incredible sixth successive year, after being named as a finalist once again. 

Redwood Bank has won the prize for Best Business Variable Rate Deposit Account Provider at the annual Business Moneyfacts Awards for five years.  

Gary Wilkinson, CEO and Co-Founder of Redwood Bank, said: "Winning this award for five straight years was a phenomenal achievement for the bank. We are proud to have been included on the shortlist once again and hope we can claim another win." 

This year, Redwood has also been shortlisted for two other awards, the Best Business Fixed Account Provider, a trophy it won in 2020, and Best Service from a Commercial Mortgage Provider.  

"Our teams work hard to deliver the best possible outcomes for our customers and receiving recognition like this demonstrates that their efforts do not go unnoticed in the industry. Over the past six years, we have earned a reputation for backing British businesses, and remain committed to providing the best products to support them." 

Towards the end of 2023, it was announced that Redwood Bank's parent company, Redwood Financial Partners Ltd (RFPL) has signed Heads of Terms for the reverse takeover of R8 Capital Investments plc (R8), a company listed on the London Stock Exchange, in 2024. 

The Bank will be facing big banking names in its shortlisted categories. The awards are decided using a combination of methods. Judges look at the providers who offer competitive products to new savers, but also those providers that are supporting their existing customers as well. In addition, they take into account feedback provided from customers and brokers. 

The winners will be announced at the awards night on Thursday, April 18 at Evolution in London. 

Founded in 2017, Redwood Bank was launched to offer secured SME lending products to owner-occupied businesses, as well as to experienced commercial and residential property investors.  

For further information, visit [http://about:blank/]www.redwoodbank.co.uk.