Over £64.8m has been invested into 257 businesses by the Midlands Engine Investment Fund (MEIF), with new data revealing its regional impact released today. The £250m Fund, which was launched by the government’s British Business Bank in 2017 to support small businesses in the Midlands, has helped to create 629 jobs, with 37% paying above […]
Figures published by HM Treasury today show that the banking and finance industry has approved over £22bn in loans to over half a million (505,043) businesses so far through the three major government-backed lending schemes. In the past week alone lenders have provided over £7bn to businesses through the Bounce Back Loan Scheme (BBLS), the […]
A leading medical equipment manufacturer increased its production capacity and workforce to help NHS Nightingale hospitals care for patients fighting the coronavirus, with support from Lloyds Bank. West Sussex’s RDP Group specialises in medical carts with inbuilt IT systems. It supplies 95% of NHS trusts across the UK with workstations for medical professionals in hospital […]
A chocolate producer whose products are enjoyed by visitors to tourist attractions throughout Europe, has secured a six-figure funding package from Lloyds Bank to help continue its operations during the COVID-19 outbreak. Calico Cottage, based in Haddenham, Cambridgeshire, was established in 1989 and sells fudge-making systems to customers across the UK and Europe. Its sister […]
A regional housebuilder has been able to support its future with a multi-million-pound Coronavirus Business Interruption Loan Scheme (CBILS) loan from Lloyds Bank. Aquinna Homes, which is based in Beaconsfield and owns developments across the South East, was started in the garage of ex-Taylor Wimpey and Bovis Homes executive, Stephen Brazier, in 2004. The business, […]
Paragon Bank is continuing its support of residential development projects across London, providing an £11.8m funding package to EquaGroup to assist with the acquisition of a site known as ‘Ironbridge House’ in Hanwell and its subsequent conversion into 57 residential apartments. This funding will enable EquaGroup to continue to serve its goal of suppling high […]
A packaging manufacturer in Peterborough is making the most of the lockdown period by trialling new sustainable products, thanks to support from Lloyds Bank. R Howard specialises in designing and making packaging for the food and drink, beauty and pharmaceutical sectors, with customers including Krispy Kreme doughnuts and Emma Hardie cosmetics. The coronavirus lockdown saw […]
A family run self-storage firm’s investment in new technology that will help its customers and staff socially distance is back on track, with support from Bank of Scotland. Red Squirrel Storage Centres offers indoor and outdoor storage containers and office space rental to Scottish consumers and businesses across two sites in Cumbernauld and Broxburn. The […]
Manchester-based marketing company Offers365 has received a five-figure investment from NPIF – BFS & MSIF Microfinance, managed by GC Business Finance & MSIF and part of the Northern Powerhouse Investment Fund (NPIF). Offers365 is an affiliate marketing company, specialising in lead generation and working with customers in the UK, Europe, AU and US. Its aim […]
Praetura Ventures, the Manchester-based investor that backs quality businesses in high-value sectors, has launched the Praetura EIS Growth Fund as it continues to see increased demand for capital and support from high-growth businesses. As an ‘evergreen’ fund, the Praetura EIS Growth Fund is looking to raise up to £30m per annum. It will soft close […]
