HNB Construction Services Ltd has secured a £225k loan from the Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners, backed by the Coronavirus Business Interruption Loan Scheme (CBILS).

Industrial electrical engineering contractor, Process Control Services (PCS UK Ltd) has secured a £1 million ABL facility from Independent Growth Finance (IGF). After two years of growth the Derbyshire-based contractor required additional working capital resource to help drive further growth as they experienced increased customer demand following the first UK wide lockdown in spring.

Funds advised by Hilltop Credit Partners, a specialist funding partner for SME residential developers, have completed a £15m loan to Gage Properties for the acquisition and development of 9 units within the reputable Taplow Riverside development by Berkeley Homes in South Bucks.

Liberis, a leading global embedded business finance platform, has secured £70m in financing from long-term partners British Business Investments,  Paragon Bank, BCI Europe, as well as financing and venture debt from new partner Silicon Valley Bank (SVB). This brings Liberis’ total funds raised to £200m total, including over £50m in equity funding. The new funds will be used to fuel company growth, launch new products and markets, and provide additional customer financing solutions.

Birmingham-based travel technology business, You. Smart. Thing. Limited (YST) has received £250,000 from the Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners, backed also by £250,000 from the Coronavirus Business Interruption Loan Scheme.

Outfund, the fintech company changing the way online businesses raise funds, has closed a £37million late seed round of capital, including debt and equity. The funding round was led by Fuel Ventures and sees TMT Investments and Force Over Mass also invest in Outfund as it provides a faster, fairer and more affordable way for SMEs to raise growth capital. 

Derbyshire-based fleet management software provider has secured a £1.5m funding boost to develop its cloud-based product and create 20 new skilled jobs.  Nathan Grace Holdings Limited, which trades under the Chevin Fleet Solutions name, secured the £1.5m loan from the Midlands Engine Investment Fund (MEIF) E&SEM Debt Finance fund, managed by Maven Capital Partners.

Updraft, a part lending, part credit report, and part financial planning app designed to tackle escalating consumer borrowing, has secured £16m in funding to help its member’s avoid unnecessary credit card and overdraft charges. The funding arrives in the form of equity and debt, with specialist investment firm Quilam Capital leading on the debt side, and the UK Government’s Future Fund participating via their convertible loan note alongside a group of high-net-worth investors.

The third annual edition of the KPMG Private Debt Fund Survey in collaboration with the Association of the Luxembourg Fund Industry (ALFI) showcases the strong growth momentum of private debt funds domiciled in Luxembourg. It reveals that the sector saw AuM of private debt funds soar by 36.2% compared to last year, bringing total assets under management to a record EUR 108.4 billion. This builds on the 14.5% growth in AuM for private debt funds seen in the 2019 survey.

Hams Hall Sustainable Energy has secured an £800,000 loan from the Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners.  The company is set to use the funding to support the delivery of new contracts, including purchasing and installing a sustainable energy system for a Birmingham-based blue-chip customer. 

NatWest has integrated with global small business platform Xero, which will allow its users to access a NatWest lending service directly from the Xero platform, the first lending service from a high street bank to be introduced by Xero in the UK.

Fintech business lender MarketFinance has appointed The Rt Hon. Baroness Susan Kramer and entrepreneur Shalini Khemka to the MarketFinance Grant Supervisory Committee. These appointments follow a £10m grant from the Capability and Innovation Fund. The grant will be used to bring more choice and competition to the business lending industry.