The British Business Bank has announced a further £62.4m of financing to Shire Leasing under its ENABLE Funding programme, which aims to improve the supply of finance solutions to smaller UK businesses for business–critical assets.  The transaction follows on from a first round of funding of £37.4m in 2017 - bringing the overall amount of money under the ENABLE Funding programme awarded to £99.8m. 

A Coventry-based trampoline park has received a £300,000 loan for the purchase of additional equipment and a new inflatable park section.

The Midlands Engine Investment Fund (MEIF) West Midlands Debt Finance, managed by Maven Capital Partners, and backed by the Coronavirus Business Interruption Scheme Loan (CBILS), has provided ACL Limited with £500,000 worth of funding. This recent capital boost will enable the business to push forward plans with product development.

A company that  converts old videos and tapes into digital format has secured a £250,000 investment from NPIF – Mercia Debt Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF).  The funding will enable Digital Converters to continue its rapid growth and launch a new cloud-based platform where families can store their memories securely.  Digital Converters can convert almost all types of outdated media including videotapes, photos and cine film to digital formats such as memory sticks, DVD and cloud.

Praetura Group, the Northwest-based debt and equity capital provider to SMEs, is expanding with the launch of a new financial division designed to unlock flexible finance for SMEs.

Oxto Energy has secured a £300,000 loan from the Enterprise M3 Short Term Loan Scheme to cover up-front costs for an overseas contract.  The finance will enable the company, which is headquartered in Guildford, to cover the advance payments for materials and sub-contractors that are required to fulfil its latest project to install ten flywheel batteries in Kenya.

Maven Capital Partners, debt fund manager for the Midlands Engine Investment Fund (MEIF), has been approved by the British Business Bank 

The FSE Group has been accredited as a lender under the Recovery Loan Scheme (RLS) in the London & The Midlands regions.

Situated in the London borough of Westminster, technology company Dragonfly AI has secured a £250,000 loan to expand its operations whilst creating employment opportunities for the region.

Fast growing facilities management company, Westgrove Group has secured funding £6 million from Independent Growth Finance (IGF). The funds will be used to provide working capital and support the growth of the business.

Based in Warrington, Cheshire, Westgrove Group has grown steadily since its formation in 1998, and provides security, cleaning, maintenance, customer service and operational support across some of the UK’s largest regional shopping centres, mixed-use destinations, corporate offices, business parks and airports.

Pharmaceutical business Remedi Pharmacy Solutions has secured a £250,000 loan to support the development of its latest software platform and enable it to create seven new jobs.

The British Business Bank has published data that gives a final comprehensive picture of how the Future Fund has supported businesses during the pandemic.