Eco-friendly skiwear brand OOSC Clothing embarks on global expansion with £1.4m deal with UK government

OOSC Clothing, a pioneering skiwear brand known for its eco-friendly ethos, is poised for international growth with a significant financing package secured through UK Export Finance (UKEF) in partnership with HSBC UK.

Based in Worcestershire and London, OOSC is known for its retro-style ski, gym and swimwear made from recycled materials including plastic bottles, fishing nets and marine waste. With almost a decade of operations under its belt, OOSC plans to increase its sales in key markets including the EU, US, Canada, Australia and New Zealand by partnering with major distributors such as ASOS, Decathlon, Zalando, Macy's , Hudson Bay and others.

Founded by two friends from Swansea University, OOSC has rapidly expanded its presence, exporting to more than 110 countries through its regional websites, with sales extending to 49 individual US states. The latest financing deal with UKEF, facilitated by HSBC UK, will enable OOSC to meet escalating demand in key markets and expand its global footprint.

Launched in 2015, OOSC has made waves with its sustainable approach to fashion, producing ski outerwear exclusively from recycled materials. In 2022, the brand attracted further attention by collaborating with Team GB and double Olympic snowboarder Katie Ormerod, who developed her own range under the OOSC banner.

Supported by the funding package, OOSC aims to fulfill international orders from leading retailers such as ASOS and Decathlon while expanding its inventory to meet the surge in global sales. This follows a previous £450,000 facility provided by HSBC UK and UKEF in 2021, with additional support from HSBC in the form of a green trade loan in 2023, underlining OOSC's commitment to sustainability.

UKEF's range of credit guarantees and insurance schemes have played a key role in facilitating UK businesses' access to finance, with OOSC benefiting from a General Export Facility credit guarantee, allowing smaller businesses to access flexible trade finance through a range of Financial Institutions.

Tim Reid, CEO of UK Export Finance, praised OOSC's journey from inception to becoming an iconic British brand, highlighting UKEF's role in supporting innovative businesses and removing financial barriers to success.

Nick Marsden, co-founder and director of OOSC Clothing, expressed his gratitude for UKEF's crucial support in driving international growth, highlighting the positive reception of their sustainable products worldwide.

Ben Clarke, Global Relationship Director at HSBC UK, confirmed the bank's commitment to helping ambitious UK businesses like OOSC with their domestic and global endeavours, using its global expertise to drive success.

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