Fox Moving and Storage, which is headquartered in Cwmbran, has bought a permanent West Midlands location securing the future of local jobs.

The firm, which was founded in Gwent, has used £1.5m of funding from NatWest to support the purchase of its existing Stourbridge site from its landlords, a prime location used by the company since the branch opened in 1980.

The funding has helped the family-run business safeguard the future of the company in Stourbridge and the 22 jobs based there, ensuring the West Midlands location remains an integral part of the business.

Founded in 1971, Fox offers removal, storage and business services in the UK and internationally for consumers and businesses. One of its specialisms is the relocation of military families within the UK and around the world. The company operates from seven locations and employs 126 people nationwide.

Paul Fox, managing director at Fox Moving & Storage, said: “Stourbridge has always been an important strategic location for the business both historically and now moving forward. Thanks to the funding from NatWest we have secured Stourbridge as a permanent site, enabling us to continue to grow both nationally and internationally from this key regional base. We intend to invest further in developing the facility to accommodate our growing self-storage business”

Fox first switched to Nat West in 2010 to better enable plans to rebuild the company’s property portfolio by replacing lease rentals with mortgaged properties. Since then NatWest has provided commercial mortgages for four significant locations, as well as the acquisition of Easymove Removals in Bristol and the £1m extension of its group headquarters. Fox Moving and Storage now owns all seven of its properties.

NatWest relationship director Adrian Coles said: “Fox has grown from a small business in South Wales to a nationwide business over the last five decades. With the funding we have provided, Paul and his team at Fox can continue to offer their excellent logistics services, as well as ensure the company remains a key employer in the local region.”