The US-based PRA Group employs 300 people across three locations in Kilmarnock, all of whom will move into two floors at the low carbon development within the 23-acre HALO Digital and Cyber Innovation Park.

The company’s investment in Kilmarnock is further reflected in its charitable giving to organisations such as Ayrshire Hospice, Break the Silence, North Ayrshire Foodbank, the Scottish Association of Mental Health (SAMH) and South Ayrshire Foodbank.

PRA Group’s new UK operational hub will enable the company to create additional jobs and deepen community partnerships while also prioritising energy efficiency and enduring sustainability.

The HEIC sets the standard for low carbon energy sites by building a sustainable community powered by renewable energy, making it one of the most environmentally friendly developments in the UK. The HEIC also optimises the workplace environment to promote the health and well-being of employees, which was essential to PRA Group’s search for a new home.

One of the largest employers in Kilmarnock, the Nasdaq-listed PRA Group acquires and collects nonperforming loans, returning capital to banks and other creditors to help expand financial services for consumers worldwide.

Tim Kirk, country operations director of PRA Group UK Ltd, said: “PRA Group was founded on doing things the right way for the long-term, so environmental sustainability is an enormous priority as we make decisions that will impact the future of our company and communities where we live and work. When the opportunity arose to change office space in the UK, we looked for a way to put that vision into practice.

“We saw in The HALO an incredible opportunity to make progress sustainably while cultivating the enduring success of our workforce, strengthening the vitality of the Kilmarnock community and fostering a strong local economy.”

Dr Marie Macklin CBE, founder and executive chair of The HALO Urban Regeneration Company, added: “The HALO is proud to have a long-term partner who values the quality of workforce Kilmarnock and Ayrshire can provide. We look forward to working with PRA Group to build on its presence in the town and to offer its team professional development with the digital and cyber skills that our partnerships uniquely enable The HALO to provide.

“HALO Kilmarnock is a fantastic regeneration project that is bringing new skills, investment, and jobs to the region. I am glad more businesses are moving in, bringing further high-quality employment to the area.”