Epidarex Capital (“Epidarex”), a transatlantic life science venture firm, announces that it has closed Epidarex Capital III UK LP (the “Fund”) at £102.1m. The Fund will build new life science companies based on world-class research and innovation from emerging hubs across the UK, including spinouts from highly regarded universities. Typical initial investments will range from […]
A Walsall based travel firm that has lost thousands of holiday bookings because of the COVID-19 pandemic has safeguarded its future and is continuing to support its customers, after securing £800,000 Coronavirus Business Interruption Loan Scheme (CBILS) from Lloyds Bank. Parrys International Tours, which operates a wide range of luxury coach holidays, faced unprecedented circumstances […]
The 25 Boutique B&B, a five-star luxury boutique B&B in Torquay, Devon, has agreed a five-figure Bounce Back Loan with Santander UK to support the business during the COVID-19 pandemic. The B&B, which opened its doors in 2015 following a major refurbishment, hosts six individually styled luxurious bedrooms and has won several awards, including being […]
Funding of £6.4m has been secured by The Studios24 – the first company to deliver a major co-living development in the Midlands – it was announced yesterday. Cynergy Bank has agreed the refinance package for the London-based property company’s £12.5m residential development in Wolverhampton. The Studios24 has transformed a dilapidated 12-storey office building into one […]
One of the Midlands’ top independent food wholesalers has launched a home delivery service for its produce, with the support of Lloyds Bank. Amid extensive coronavirus disruption to its usual customer base, Derby-headquartered Zest Food Service has been able to diversify its offer after it secured a £200,000 loan from the lender via the Coronavirus […]
Stadium MK Group, home to MK Dons football team, has secured a seven-figure Coronavirus Business Interruption Loan Scheme (CBILS) facility through Santander UK to meet cashflow issues, retain staff and plan future events as restrictions are lifted. Stadium MK Group was established in 2004 to bring League football to Milton Keynes and was tasked with […]
A not-for-profit organisation set up to supply Covid-19 personal protective equipment (PPE) to the NHS and UK care homes is gathering pace with the support of Lloyds Bank. UK Mask Force was co-founded in April by William Ralston-Saul who, having worked in China for several years and with friends still there, saw a viable supply […]
F2 Medical Supplies, which imports small-sized medical products from China and Vietnam and supplies them to dental practices in the UK, has secured a finance package from Santander UK and the government’s Coronavirus Business Interruption Loan Scheme (CBILS). The business imports disposable gloves, masks and dental brushes. Following the government’s lockdown guidelines, dental practice orders […]
More than 910,000 businesses have now been helped by the banking and finance industry through the government’s coronavirus loan schemes. Figures published by HM Treasury today reveal that lenders have provided £38.2bn through the three major government-backed lending programmes. £3.3bn has been approved to 83,000 businesses in the past week, with more applications expected to […]
Owners of a Hornsea-based construction company which specialises in the installation of modular buildings are cooking up plans to nurture entrepreneurial talent in the Yorkshire coastal town, after securing a £65,000 CBILS-backed loan from Finance for Enterprise and NPIF – BEF & FFE Microfinance, which is part of the Northern Powerhouse Investment Fund. The loan […]
