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Fund to unlock stalled housing sites supports plans to build 300 new homes in first year

19 June 2017
Property

The £9million Unlocking Stalled Housing Sites Programme approves £3.5million worth of investments across Greater Birmingham in 2016

A £9million fund set up to unlock stalled housing sites across Greater Birmingham has approved £3.5million worth of investments to support the delivery of almost 300 homes in its first year. The Unlocking Stalled Housing Sites Programme launched in 2016 by the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP) and managed by Finance Birmingham, is designed to remove barriers... Read more

Coventry schemes awarded £3.7m loan by West Midlands Combined Authority Collective Investment Fund

16 June 2017
Property

The CIF has awarded CDP £2,820,000 towards the acquisition of the landmark former Coventry Evening Telegraph offices in Corporation Street

The new West Midlands mayor has welcomed investment by a West Midlands Combined Authority (WMCA) growth fund for two Coventry city centre projects. Andy Street backed the £3.7m loan by the Collective Investment Fund (CIF) to developers Complex Development Projects Ltd (CDP) to secure the acquisition of two key sites in the city centre totalling 8.2 acres for major redevelopment. The CIF has... Read more

Record year for Finance Birmingham as it invests £82million in growing UK businesses

13 June 2017
Update

Firm invests £4m more in 2016 - 21% growth in a year

Firm invests £14m more in 2016 - 21% growth in a year Support has helped almost 600 businesses and created/safeguarded 12,500 jobs since 2010 Birmingham-based investment firm Finance Birmingham today reports a record year having invested more than £82 million in growing businesses in 2016 - 21% more than the previous year. The results build on strong since launching in 2010; its team of... Read more

Global manufacturer Guhring unveils new UK HQ in Birmingham

09 June 2017
AMSCI

Guhring, a world-leading manufacturer of precision cutting tools, unveiled its new £12million UK headquarters in Birmingham’s Advanced Manufacturing Hub.

Marked by an official launch event, which saw 250 attendees, the opening of the new HQ will see Guhring create 50 new jobs and safeguard a further 75. This expands its offering to global clients including BMW, JLR, Ford, Nissan, Airbus & BAE Systems. With ambitious plans to double in size within the firm’s first five years at the Aston-based site, both skilled and entry-level positions will... Read more

Automechanika – NEC, 6-8 June 2017

05 June 2017
Event

Finance Birmingham will be showcasing our funds portfolio at this year’s Automechanika event, held at the NEC on 6-8 June

Finance Birmingham will be showcasing our funds portfolio at this year’s Automechanika event, held at the NEC on 6-8 June. The 2017 exhibition is going to be 70% bigger than last year with longer opening hours and spanning across 5 halls. Hosted across three days, this event presents an exciting timetable of demonstrations, seminars and workshops from industry leaders within the automotive... Read more

Fresh look for Finance Birmingham

01 June 2017
General

Finance Birmingham’s first major website redesign improves navigation and content accessibility.

Finance Birmingham’s first major website redesign improves navigation and content accessibility. We are pleased to announce our new fresh and responsive website. Designed to be more user-friendly, our website has been updated with the latest information about our funds and it’s now much easier to find out information about our flexible investment programmes. Finding access to flexible... Read more

WMCA makes investment towards £5.5m development of former Birmingham factory site

28 March 2017
Property

The Combined Investment Fund (CIF) has provided £2.9m of loan funding to Barberry Developments to assist with the speculative development of the 46,000 sq ft industrial unit on the old Tuckers Fastenings site at Walsall Road, Perry Barr.

A West Midlands Combined Authority (WMCA) investment fund is backing the £5.5 million rebirth of a landmark former Birmingham factory site. The Combined Investment Fund (CIF) has provided £2.9m of loan funding to Barberry Developments to assist with the speculative development of the 46,000 sq ft industrial unit on the old Tuckers Fastenings site at Walsall Road, Perry Barr. Barberry has... Read more

Birmingham remains a regional hotspot for UK entrepreneurs

11 January 2017
Update

Birmingham remains the most entrepreneurial UK city outside London, according to data released by StartUp Britain

Birmingham remains the most entrepreneurial UK city outside London, according to data released by StartUp Britain. Analysis of Companies House data shows that 14,152 new businesses were registered in Birmingham during 2015 – a significantly higher number of new companies compared to all other regional cities. Manchester follows in second place with 8,712 companies registered, and Leeds is... Read more

Birmingham City Council invests half a million pounds in new low cost funding solution for SME suppliers

11 January 2017
Obillex

Birmingham City Council has announced that it has made a £500,000 investment in a solution that offers its small to medium sized business suppliers access to finance quickly and more cheaply than generally available

Birmingham City Council has announced that it has made a £500,000 investment in a solution that offers its small to medium sized business suppliers access to finance quickly and more cheaply than generally available. The City Council has taken a stake in supply chain finance specialist, Obillex, which it recently appointed to provide a new supply chain finance technology platform. Birmingham,... Read more

Finance Birmingham arranges £7m funding on speculative industrial development at Kingswood, Cannock

07 December 2016
Property

West Midlands Combined Authority makes first commercial development funding award

West Midlands Combined Authority makes first commercial development funding award A £21.6 million development creating an estimated 425 jobs is the first project to receive backing from a new West Midlands Combined Authority (WMCA) investment fund. Two industrial units covering 14 acres and providing a total of 283,000 sq. ft. of accommodation will be built at Kingswood Lakeside, near... Read more

A double win at Insider Dealmakers Awards 2016

17 November 2016
Awards

Finance Birmingham is celebrating after taking home two prestigious Insider Dealmaker Awards, scooping ‘Funder of the Year’ and ‘SME Deal of the Year’ for Hills Number Plates

Finance Birmingham is celebrating after taking home two prestigious Insider Dealmaker Awards, scooping ‘Funder of the Year’ and ‘SME Deal of the Year’ for Hills Number Plates, where judges commended the backing of the manufacturer's acquisition of a French company and its further international expansion. The Insider Dealmaker Awards event is an annual celebration and recognition of the... Read more

Chase Commercial breaks ground for SMEs at Ratio:Park Kidderminster

13 October 2016
Property

Work has begun to deliver 30,000 sq ft of industrial workshops, warehouses and offices for small businesses in Kidderminster.

Developers kick start work on 30,000 sq ft light industrial site Range of units set to provide flexible space for small businesses Ratio:Park supports plans to improve employment, regeneration and business activity in the area Work has begun to deliver 30,000 sq ft of industrial workshops, warehouses and offices for small businesses in Kidderminster. Ratio:Park, part of Finepoint in the... Read more

Birmingham number plate manufacturer secures £10m investment

28 July 2016
General

A Birmingham-based manufacturer of vehicle registration plates has received almost £10million of investment from Finance Birmingham

Funding package for the world’s third largest number plate manufacturer Growth capital supporting the continued expansion of the group following its recent acquisition of France’s top registration plate manufacturer Collaboration of investments from Finance Birmingham, Birmingham City Council, NatWest Corporate and Commercial Finance and RBS Invoice Finance A Birmingham-based... Read more

Investment drives growth for Dunlop Systems and Components

13 July 2016
General

Midlands-based manufacturer Dunlop Systems and Components has secured an investment from funds managed by Finance Birmingham and ABN-Amro Commercial Finance.

Deal will create 15 new jobs in the next two year Dunlop will use the funding to pursue growth plans in the UK and export markets Midlands-based manufacturer Dunlop Systems and Components has secured an investment from funds managed by Finance Birmingham and ABN-Amro Commercial Finance. The deal, for an unspecified amount, led by Springboard Corporate Finance, will support the firm’s... Read more

Software firm accelerates growth with £1.25m investment

05 July 2016
General

The £1.25m funding, provided through Finance Birmingham, will enable Shirley-based eTech, to further develop its existing product offering and generate additional traction in the surveying and lending sector.

Funding will support product development in new and existing markets Company supported by the £56m Mezzanine Fund, supported by the Regional Growth Fund The £1.25m funding, provided through Finance Birmingham, will enable Shirley-based eTech, which provides an end-to-end software solution to customers in the Energy Assessment and Mortgage valuation sectors, to further develop its existing... Read more

£1m investment drives Mercedes Benz production for Coventry manufacturer

05 July 2016
General

A Coventry-based manufacturer that provides specialist modification to vehicles in the automotive, aerospace, defence and rail sectors has received a £1million investment

The deal will create 20 new jobs and safeguard 50 more over the next 12 months Penso City Vehicles will invest in vital tools for the production of the new Mercedes-Benz Vito Taxi Manufacturer backed by the £24m Tooling Fund – supported by the Regional Growth Fund – and the Advanced Manufacturing Supply Chain Initiative (AMSCI) A Coventry-based manufacturer that provides specialist... Read more

Growth Surge for Electrical Firm Following Further Investment

30 June 2016
General

A fast-growing West Midlands-based electrical services contractor is on track to double in size within three years after securing £500,000 of investment from company shareholders and Finance Birmingham.

£500k of growth funding from Finance Birmingham and existing shareholders In 12 months, ON-POWER’s revenue has grown from £2.5m to £7m Company works with household names including HSBC and Sainsbury’s A fast-growing West Midlands-based electrical services contractor is on track to double in size within three years after securing £500,000 of investment from company shareholders and Finance... Read more

Response to March 2016 Budget

30 March 2016
Thoughts

Sue Summers, chief executive of Finance Birmingham, which provides funding support to small businesses, welcomed the changes to business rate relief

Sue Summers, chief executive of Finance Birmingham, which provides funding support to small businesses, welcomed the changes to business rate relief: “Small businesses are the driving force of the UK economy and in many cases, business rates have been limiting successful firms, preventing them from growing and realising their potential as quickly as they could. “Any measures that help them to... Read more

Software firm doubles headcount and eyes global expansion with £700k investment

18 March 2016
General

A Midlands-based firm that provides software to manufacturers, finance companies and dealerships has secured a £700,000 investment from Finance Birmingham.

A Midlands-based firm that provides software to manufacturers, finance companies and dealerships in the automotive sector to help them retain customers, has secured a £700,000 investment from Finance Birmingham. The funding will enable Chrysalis Solmotive Ltd (Chrysalis Global) to more than double its headcount by creating 32 new jobs as well as pursue international expansion plans across North... Read more

National £20m Rail Supply Growth Fund launched

02 February 2016
Rail

A national £20m fund to help businesses tap in to the UK’s growing rail supply opportunities was launched by Finance Birmingham on 1 February.

• Loans of £500,000 to £2m available • Aims to support new and existing rail supply chain firms A national £20m fund to help businesses tap in to the UK’s growing rail supply opportunities was launched by Finance Birmingham on 1 February. The National Rail Supply Growth Fund was announced alongside the launch of Rail Supply Group Strategy by the Departments for Transport and Business Innovation... Read more

Ascension Ventures Hone in on Format Zone

25 January 2016
Ascension Ventures

Ascension Ventures is pleased to announce its investment from the ASCEND SEIS Fund II into Birmingham based start-up Formatzone

Ascension Ventures is pleased to announce its investment from the ASCEND SEIS Fund II into Birmingham based start-up Formatzone, which specialises in fast-tracking production, broadcast and distribution of high-quality TV formats, working in partnership with leading national and international creative talent. Other investors in Formatzone’s £400,000 round include institutional investors Finance... Read more

£1.2m funding from Finance Birmingham supports buy out of engineering firm

13 January 2016
General

Finance Birmingham has invested £1.2m as part of a multi-million pound funding package for Tamworth-based manufacturer Precision Technologies International Limited (PTI)

Finance Birmingham has invested £1.2m as part of a multi-million pound funding package for Tamworth-based manufacturer Precision Technologies International Limited (PTI). The deal enables the company to be sold to a management team led by experienced entrepreneur Kevin Parkin. Supported with funding from Finance Birmingham, Panoramic Growth Equity, Management and Santander Invoice Finance, the... Read more