24th March 2020
Announced by the Chancellor at Budget 2020, the Coronavirus Business Interruption Loan Scheme (CBILS) is open for applications and can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.
18th March 2020
Watersport and sailing enthusiasts will be setting sail from Lydstep when the Pembrokeshire Performance Sailing Academy opens a second centre this Easter, after securing new funding from the Development Bank of Wales.
16th March 2020
Assetz Capital has become the first property-focused marketplace platform to receive funding from British Business Investments (BBI), a commercial subsidiary of the British Business Bank.
9th March 2020
Just Play Golf has received a £50,000 micro loan from the Development Bank of Wales to help buy and fit out a golf range in Penrhys, Rhondda Cynon Taff.
The brainchild of Matthew Phythian, Just Play Golf wants to make the new range a valuable community resource with one-to-one and group coaching and lessons available for people living in the area. Matthew achieved his own PGA qualification through a social enterprise that offered qualifications and training in a range of sports to deprived communities.
21st February 2020
The Northern Powerhouse Investment Fund (NPIF), which is delivered by British Business Bank has invested a total of £2.5m into businesses based at Alderley Park, Cheshire, the UK’s largest single site life science campus. The £2.5m invested into businesses at Alderley Park forms part of NPIF’s £10m milestone that was recently achieved in the Cheshire and Warrington region. Alderley Park offers bioscience facilities for life science companies at every stage and is home to over 200 businesses. It includes a range of workspaces, events and a community that encourages businesses to collaborate, innovate and grow.
19th February 2020
Triple Point Investment Management has announced a £10m facility into WeFlex, a leading provider of vehicles to the Ride-Hailing market in the UK. Having worked with the team at Weflex for the past 5 years, Triple Point will back their growth and development in the UK. The funds will be used by WeFlex to further increase its operations across the country, expand its fleet of electric vehicles, as well as other hybrids to further support the green initiatives in the UK ride-hailing market.
18th February 2020
Newly formed Manchester based property developer Northern Property Consortium (NPC) has embarked on its maiden project after agreeing a key short term finance deal worth £550,000 with leading independent SME funding specialist, One Stop Business Finance.
18th February 2020
The Development Bank of Wales has invested £200,000 to support the leasehold purchase and refurbishment of the Costcutter store in Knighton, Powys.
6th February 2020
Family run plant nursery will use the funding to accelerate growth plans, diversify its customer base and take advantage of new market opportunities.
The Midlands Engine Investment Fund Debt Finance, managed by Maven Capital Partners, has provided Opperman Plants Limited, a Spalding-based wholesale nursery supplier, with a £250,000 funding solution.
6th February 2020
BLEND Network, the leading property investment platform specialising in funding low-cost, accessible housing developments has completed the advance of a £460,000 loan to finance the acquisition and redevelopment of a former shoe factory in Wellingborough, Northamptonshire into residential apartments.
The loan was subscribed in just 29 minutes and will part finance the acquisition of the development site, enabling to borrower to develop the property into a fully residential scheme. The site already benefits from detailed planning consent to convert in 24 apartments. It will be developed by an innovative property development team with significant combined property development and construction experience in London and Northamptonshire.
3rd February 2020
An innovative funding arrangement is helping to accelerate the growth of an award-winning housebuilder and fast-track property ventures across the North of England.
MAVEN Bonds is providing short-term finance to County Durham developer Homes by Carlton, to drive forward several property schemes around the northern regions.
The Newton Aycliffe-headquartered firm recently used a £300,000 short term development finance loan to fast-track construction work on its Cathedral Gates development in Chilton. Situated eight miles from Durham City centre, the scheme comprises 14 spacious plots with a mix of three and four-bed detached and semi-detached homes. It has proved popular with ten of the plots already sold – giving the construction team the confidence to accelerate the building programme.
31st January 2020
Since being appointed by the British Business Bank in 2017, to manage two debt funds on behalf of the Midlands Engine Investment Fund (MEIF) Maven has completed transactions ranging from £100,000 to £1.5 million, providing finance across a diverse variety of sectors, including retail, tech, engineering and healthcare. Typically, funding is secured to drive expansion, such as hiring new staff, purchasing machinery, increasing working capital and growing customer reach.