Skip to main content

News


Article

Innovative composite component developer Far-UK successfully repays investment

17 November 2017
AMSCI

Nottingham-based composite part specialist Far-UK has fully repaid its £455k Finance Birmingham investment early and is able to continue its ambitious growth plans.

Award winning composite part developer Far-UK has successfully repaid a Finance Birmingham investment, enabling significant business growth. Deployed from Advanced Manufacturing Supply Chain Initiative (AMSCI) fund, Finance Birmingham’s flexible lending has supported Far-UK to increase its team of engineering and manufacturing experts, relocate to a larger facility and complete international... Read more

Lightweight composite innovation consultancy & component manufacturer Cecence secures £500k investment for rail expansion

15 November 2017
Rail

Hampshire-based composite innovators and manufacturer Cecence has secured a £500k investment from Finance Birmingham’s national Rail Supply Growth Fund

Funding will allow the firm to double its workforce in 2018 Finance provided will enable aerospace, marine and motorsport composite specialists Cecence to enable cross over technology to be applied to the rail industry Hampshire-based composite innovators and manufacturer Cecence has secured a £500k investment from Finance Birmingham’s national Rail Supply Growth Fund. The funding will... Read more

WMCA awards £3.7m to Telford & Wrekin Borough Council towards cleaning up brownfield sites for new homes

15 November 2017
Property

The West Midlands Combined Authority (WMCA) has made a £3.7 million grant to Telford & Wrekin Council to kick-starting building new homes on brownfield sites in the borough.

The West Midlands Combined Authority (WMCA) has made a £3.7 million grant to Telford & Wrekin Council to kick-starting building new homes on brownfield sites in the borough. Funding is being deployed from the Brownfield Land & Property Development Fund (BLPDF) , managed by Finance Birmingham. The council is the first non-constituent member of the WMCA to win such funding, which will see... Read more

£6.9m backing for Walsall town centre development by WMCA’s Collective Investment Fund

10 November 2017
Property

More than 100 new jobs will be created when a derelict piece of land in Walsall town centre is brought back into commercial use with a £6.9 million investment from CIF

More than 100 new jobs will be created when a derelict piece of land in Walsall town centre is brought back into commercial use with a £6.9 million investment by the West Midlands Combined Authority (WMCA). Work on the plot in Littleton Street West will begin in January 2018 by Worcestershire developers Cordwell Property Group following the cash injection from the authority’s Collective... Read more

Tech firm Trolex|Aporta fast tracks rail industry growth following £1 million investment

02 November 2017
Rail

Stockport-based technology firm Trolex Aporta Holdings has secured £1 million investment from Finance Birmingham’s national Rail Supply Growth Fund. The finance will enable the business to accelerate its growth plans in the rail industry through the rollout of its in-carriage entertainment system.

Stockport-based technology firm Trolex Aporta Holdings has secured £1 million investment from Finance Birmingham’s national Rail Supply Growth Fund. The finance will enable the business to accelerate its growth plans in the rail industry through the rollout of its in-carriage entertainment system. The deal helps the firm create 38 new, highly-skilled jobs, assisting it to invest in the... Read more

Team Away Day 2017

19 October 2017
Update

With such a busy period behind us and more positive opportunities on the horizon, we held our annual away day to review business output and look ahead to 2018.

The last 12 months for Finance Birmingham has seen ongoing growth and success, with continued demand for our funds under management. With such a busy period behind us and more positive opportunities on the horizon, we held our annual away day to review business output and look ahead to 2018. Held at Hogarths Hotel in Solihull, the Finance Birmingham team were warmly welcomed and proceedings... Read more

£3.7m backing for Wednesfield development by WMCA’s Collective Investment Fund

23 September 2017
Property

New industrial buildings are springing up in Wolverhampton thanks to £3.7m backing from the WMCA

New industrial buildings are springing up in Wolverhampton thanks to £3.7m backing from the West Midlands Combined Authority (WMCA). Work is already underway at Steelpark Trading Estate, Wednesfield, by commercial property company Goold Estates, further boosted by the cash injection from the authority’s Collective Investment Fund. Covering 69,025 square feet, the site will have a total of six... Read more

Brexit one year on: businesses that push forward can catalyse growth

03 August 2017
Thoughts

Sue Summers, Finance Birmingham CEO, reviews the SME funding landscape one year on post-Brexit.

Sue Summers, Finance Birmingham CEO, reviews the SME funding landscape one year after the UK decided voted to leave the EU. The political rhetoric around the implications of Brexit before the EU referendum vote looked bleak, with some suggesting international isolation and instant economic downturn. However, one year on despite the results, a PwC study suggests confidence among business... Read more

Specialist retail-led developer eyes new Birmingham headquarters following a £2m investment

10 July 2017
Growth Capital

Midlands-based property development HDD has secured a £2 million investment

• Company to set up new headquarters in central Birmingham • Deal provides facility to invest equity in development opportunities • Investment from Finance Birmingham’s £56 million Regional Mezzanine Fund – open to all SMEs in the West Midlands Midlands-based property development company Henry Davidson Developments (HDD) has secured a £2 million investment from Finance Birmingham on... Read more

Successful exit marks first Vodafone Total Communication Partners merger

07 July 2017
Growth Capital

Pure Business Solutions, a Finance Birmingham investee business, has been sold to PMGC

Pure Business Solutions, a Finance Birmingham investee business, has been sold to PMGC, a rival Vodafone Total Communication Partner. The acquisition merges two independent telecoms and IT providers, creating the UK’s third largest provider of mobile solutions, with over 70,000 connections and annual revenues of around £20m. Pure was established in 2006 by Marcus Richardson and Gavin Tedstone... Read more

New Oldham-Based Tech Accelerator To Tackle UK “Poverty Premium”

29 June 2017
General

Fair By Design Fund, a partnership between Big Society Capital, the Joseph Rowntree Foundation, Finance Birmingham and Ascension Ventures

Wayra Fair By Design will support up to seven tech start-ups a year, based in the new Open Future_ North accelerator in Oldham The programme will support start-ups seeking to tackle the poverty premium – where people from low-income households pay higher prices for many essential goods and services such as energy, insurance, borrowing, transport and food Wayra Fair By Design is backed by a... Read more

Our 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

Our £9million fund is set up to unlock stalled housing sites across Greater Birmingham and 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... 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

Invested £14m more in 2016 - 21% growth in a year Support has helped almost 600 businesses and created/safeguarded 12,500 jobs since 2010 We are delighted to report that Finance Birmingham has achieved a record year having invested more than £82 million in growing businesses in 2016 - 21% more than the previous year. The results build on our strong performance since launching in 2010; our... Read more

Global manufacturer Guhring unveils new UK HQ in Birmingham

09 June 2017
Sector News

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 Collective 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

New Rail Funding to Fast Track Innovation

22 March 2017
Sector News

The recently launched Rail Supply Growth Fund, managed by Finance Birmingham, has provided a funding package to Penso to fast track their innovation of new composite doors for trains.

The recently launched Rail Supply Growth Fund, managed by Finance Birmingham, has provided a funding package to Penso to fast track their innovation of new composite doors for trains. The funding package will help Penso to accelerate the innovation and production of their revolutionary composite design of a train door, a concept that they expect to see used on London Underground trains. The... Read more

Birmingham remains a regional hotspot for UK entrepreneurs

11 January 2017
General

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

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
Growth Capital

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
Sector News

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

£1m investment drives Mercedes Benz production for Coventry manufacturer

05 July 2016
Sector News

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

Software firm accelerates growth with £1.25m investment

05 July 2016
Growth Capital

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

Growth Surge for Electrical Firm Following Further Investment

30 June 2016
Growth Capital

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
General

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
Growth Capital

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
General

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
Other

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
Sector News

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