Article |
---|
Case study: 200% growth for Rail firm Senceive since receiving funding.25 January 2021
Rail
Senceive has excelled since Finance Birmingham provided a six-figure investment from the Rail Supply Growth Fund back in 2018. A World leader in the design and manufacture of wireless monitoring solutions, Senceive has excelled since Finance Birmingham provided a six-figure investment from the Rail Supply Growth Fund back in 2018. Despite the difficulties businesses are facing during the 2020 pandemic, Senceive, a London based designer and manufacturer of wireless condition monitoring solutions, has sold over 30,000... Read more
|
£2m investment to supercharge electric motor developer’s growth plans31 October 2020
AMSCI
Aeristech has received the loan to drive its cleantech growth plans through a government-backed fund for high tech manufacturing businesses. Electric motor specialist Aeristech, based in Warwick, has secured a £2m investment loan to drive its cleantech growth plans through a Government-backed fund for high tech manufacturing businesses. The investment loan was made possible through the Advanced Manufacturing Supply Chain Initiative West Midlands and Liverpool City Region (AMSCI WMLCR), a £25m fund which is part of the wider £345m... Read more
|
Derelict Kingstanding pub site to be transformed into affordable housing thanks to GBSLEP funding30 September 2020
Property
Twenty-two new affordable homes are set to be created on the site of a derelict pub in Kingstanding, Birmingham. Twenty-two new affordable homes are set to be created on the site of a derelict pub in Kingstanding, Birmingham. Energy and regeneration specialist ENGIE will begin the construction of the new homes on behalf of Sanctuary Homes, after receiving a £343,000 grant from the Greater Birmingham and Solihull Local Enterprise Partnership (GBSLEP). The site of the former Hare and Hounds pub, on... Read more
|
CEO pays tribute following death of respected colleague Jeremy Taylor21 August 2020
General
It is with much sadness that we announce the passing of Jeremy Taylor, our dear friend and colleague. Jeremy Taylor, a respected member of the corporate finance and business funding community, has died. Jeremy was well known across both public and private sector organisations as a talented specialist in his field, with a limitless enthusiasm for supporting innovative businesses throughout a 45-year career. In 1995 Jeremy joined BusinessLink in Birmingham and Solihull, taking a prominent role... Read more
|
Finance Birmingham responds to COVID-1925 March 2020
General
Following the recent government advice Finance Birmingham has closed its offices. The entire Finance Birmingham team is now working remotely. Following the recent government advice Finance Birmingham has closed its offices. The entire Finance Birmingham team is now working remotely, and your contacts are available via email or mobile phone using the details provided on the Finance Brimingham team page - https://www.financebirmingham.com/team/ Systems have been put in place to facilitate remote working with minimal... Read more
|
GBSLEP funding kick starts construction of 26 housing units in Birmingham18 September 2019
Property
Property developer BNK Construction has completed the first of two residential developments in Birmingham using a £338,000 investment Property developer BNK Construction has completed the first of two residential developments in Birmingham using a £338,000 investment from the Unlocking Stalled Housing Sites programme. The Kings scheme on York Road, Kings Heath, saw the demolition of a derelict snooker hall which previously stood on the brownfield site for over 12 years. In its place BNK Construction has built “Cue Gardens” -... Read more
|
Unlocking Stalled Housing Fund calls for final applications10 September 2019
Property
Applications for the GBSLEP housing fund must be in before the end of 2019. Launched by the Greater Birmingham and Solihull Local Enterprise (GBSLEP), the Unlocking Housing Sites Programme is nearing completion with only £1.3m of the original £9m left to invest to bring forward residential developments. The programme has been designed to deliver targeted assistance to make sites ready for development and unlock any existing constraints. Bringing forward developments... Read more
|
39 properties built in Cannock Chase District using Unlocking Stalled Housing Fund20 June 2019
Property
Cannock Chase Council and Development Partner, Novus Property Solutions recently celebrated the delivery of the Former Garage Sites and Other Council Owned Land Redevelopment Scheme. Cannock Chase Council and Novus Property Solutions celebrated the successful completion of the Former Garage Sites and Other Council Owned Land Redevelopment Scheme. The scheme has utilised former or disused garage sites and other pieces of underused Council owned land across the District and produced 39 affordable rental properties. The design and build of the redevelopment was delivered by... Read more
|
CPI event to showcase results of AMSCI funded BioStreamline project17 June 2019
AMSCI
CPI, the UK-based technology innovation centre, and part of the High Value Manufacturing Catapult is hosting an event in Darlington, UK on 26 June 2019 to share the results of the £11.2M BioStreamline project. CPI, the UK-based technology innovation centre, and part of the High Value Manufacturing Catapult is hosting an event in Darlington, UK on 26 June 2019 to share the results of the £11.2M BioStreamline project. The project aims to optimise the development of novel therapeutics. During the event the project partners will present the project findings and discuss the potential impact on supply chain... Read more
|
Industry 4.0 fuels business innovation and growth11 April 2019
Thoughts
Manufacturers are not letting uncertainty get in the way of prosperity thanks to a new era of automation. Finance Birmingham explores how the "4th industrial revolution" is impacting SME manufacturers. Dubbed as the 4th industrial revolution, the 21st century has become a time for emerging markets, ideas and breakthrough technologies. There are numerous definitions for the principles surrounding Industry 4.0 but for most it is the era of system automation and data accessibility, transforming economies, workforces and societies. Coined by a German government project, Industry 4.0 is set to... Read more
|
Senceive receives six-figure investment01 March 2019
Rail
Senceive announced a significant six-figure investment to support its continued expansion Senceive has today announced a significant six-figure investment from the Rail Supply Growth Fund to support its continued domestic and international expansion across the rail and wider construction and mining industries. The £750,000 investment will see the company catalyse the continued development of its intelligent condition monitoring system. In addition to increasing its workforce, it is... Read more
|
Birmingham property developer repays loan to develop supported living apartments and commercial units10 January 2019
Property
Upward (Property Estates) Ltd has fully repaid its £2m loan secured from GBSLEP £2m from the GBSLEP Growing Places fund has been fully repaid Site to provide 57 properties, 12,000sqft of commercial/retail space and create 70 direct jobs Providing 37 supported living homes to help people with an assessed care and support need live independent lives Upward (Property Estates) Ltd has fully repaid its £2m loan secured from the Greater Birmingham and Solihull Local... Read more
|
Perpetuum fast tracks global rail growth following £3m investment08 August 2018
Rail
Southampton based engineering firm Perpetuum Ltd has secured a second round of funding from the national Rail Supply Growth Fund Southampton based engineering firm Perpetuum Ltd has secured a second round of funding from the national Rail Supply Growth Fund to support its continued domestic and international expansion in the rail industry. The investment now totalling £3m will see the firm catalyse the development and deployment of its innovative rail condition monitoring system and increase its capacity, workforce and... Read more
|
£3.7M LOAN REPAID EARLY AFTER DEVELOPMENT SUCCESS06 July 2018
Property
Goold Estates has re-paid a £3.7m loan that it secured from Finance Birmingham and the WMCA CIF ahead of schedule A £3.7m loan has been repaid ahead of schedule by a commercial property company after securing several high-profile occupiers to a multimillion-pound speculative development in Wednesfield. Goold Estates secured the loan via Finance Birmingham and the West Midlands Combined Authority Collective Investment Fund in July 2017 to start the construction of the 75,000 sq ft Steelpark Trading Estate. ... Read more
|
Coventry Chemicals rebrand after major growth02 July 2018
Growth Capital
Coventry Chemicals announces record £23million revenues and unveils new identity, Mirius. Company success follows heavy investment into new machinery and materials Coventry Chemicals has announced record-breaking revenues of over £23m, an increase of 30% over three years following a period of significant investment in new plant and machinery. Building on this success and to reflect its ambitious growth plans in the UK and internationally, the business has unveiled a new identity, Mirius. Playing a pivotal role in Mirius’ performance in recent years has... Read more
|
E P Industries road-rail vehicle firm fast tracks growth following investment15 June 2018
Rail
EP Industries Ltd has secured £500k investment from the national Rail Supply Growth Fund to enable the development of a pioneering new facility in Alfreton £500k investment from the national Rail Supply Growth Fund will see EP Industries Ltd build a new road-rail vehicle facility in Derbyshire The new site will be the first of its kind in the UK – bringing all vehicle testing services under one roof Deal creates five new jobs and safeguards a further ten EP Industries Ltd has secured £500k investment from the national Rail Supply Growth... Read more
|
Birmingham brownfield development gets £3.6m backing from WMCA Collective Investment Fund16 May 2018
Property
A derelict brownfield site in Birmingham will soon be back in industrial use thanks to a £3.6 million investment from the WMCA CIF A derelict brownfield site in Birmingham will soon be back in industrial use thanks to a £3.6 million investment by the West Midlands Combined Authority (WMCA). The loan is from its Collective Investment Fund (CIF) to developers Barberry Developments towards a £5.6 million scheme to build a 64,500 square foot industrial/manufacturing unit in Aston. The 2.9 acre site is part of the Advanced... Read more
|
Birmingham-headquartered property firm lands multi-million pound investment26 March 2018
Growth Capital
Richborough Estates has received a multi-million pound investment from Finance Birmingham and Frontier Development Capital • Land promotion company Richborough Estates LLP receives multi-million pound investment from Finance Birmingham and Frontier Development Capital • Deal will enable the business to unlock new plots of land to be sold for housing development and create 240 new jobs in 2018 Richborough Estates LLP, a Birmingham-headquartered land promoter, has received a multi-million pound investment... Read more
|
A C Marine & Composite making waves16 February 2018
AMSCI
AMSCI funded SME - A C Marine & Composites - has been making the headlines in the tidal sector of late AMSCI funded SME - A C Marine & Composites - has been making the headlines in the tidal sector of late. Not only responsible for manufacturing the rotor blades for Atlantis’ AR1500 tidal turbine, which was launched off the coast of Scotland in 2017, but also manufactured composite struts for the Swedish tidal developer - Minesto. Have a look at their latest project videos below - AOUK : ... Read more
|
eTech Solutions acquired by CoreLogic13 February 2018
Growth Capital
Previous investee eTech has been acquired by California counterpart eTech Solutions Limited (eTech), a market leading provider of mobile surveying and workflow management software for the property services industry, announced the completion of the Company’s acquisition by CoreLogic® (NYSE: CLGX), a global property information, analytics and data-enabled solutions provider. Read more via eTech For more information about the original investment deal click... Read more
|
Connectivity rises22 January 2018
Rail
The UK rail industry is experiencing one of its most exciting and important advancements in its 192-year history The UK rail industry is experiencing one of its most exciting and important advancements in its 192-year history Ever since George Stephenson’s development of the locomotive steam engine in 1825, the nation’s railway has continued to innovate, and we are currently seeing a move to put strategies in place to ensure that the UK’s railway systems are world-class. The government’s recent... Read more
|
Fund to unlock stalled housing sites in Greater Birmingham reaches £7million investment milestone19 December 2017
Property
The Unlocking Stalled Housing Sites Programme has approved almost £7million of investments More than 550 new homes to be brought forward as £9million Unlocking Stalled Housing Sites Programme nears £7million of investments £2million still available to help kickstart developments across the region The Unlocking Stalled Housing Sites Programme (USHSP), funded by the Government’s Local Growth Fund, has approved almost £7million of investments to support the delivery of new homes... Read more
|
Innovative composite component developer Far-UK successfully repays investment17 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 expansion15 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 homes15 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 Fund10 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 investment02 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 201719 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 Fund23 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 growth03 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 investment10 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 merger07 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 year19 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 Fund16 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 businesses13 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 Birmingham09 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 201705 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 Birmingham01 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 site28 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 Innovation22 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 entrepreneurs11 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, Cannock07 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 201617 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 Kidderminster13 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 investment28 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 Components13 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
|
Software firm accelerates growth with £1.25m investment05 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
|
£1m investment drives Mercedes Benz production for Coventry manufacturer05 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
|
Growth Surge for Electrical Firm Following Further Investment30 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 Budget30 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 investment18 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 launched02 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 Zone25 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 firm13 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
|