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22nd May 2020

Innovative mine water Heat Network secures Government funding

Triple Point Heat Networks Investment Management, in partnership with the Department for Business Energy and Industrial Strategy (BEIS), has announced investment of just under £25 million in four projects in the latest Heat Networks Investment Project (HNIP) funding round. This brings the total to 11 successful schemes since the programme launched for applications. The total funded network trench length has now grown to 41.5km.

21st May 2020

IGF promotes Mike Fletcher as head of client portfolio

Independent Growth Finance (IGF), a leading independent commercial finance provider, has promoted Mike Fletcher as head of client portfolio.

20th May 2020

Cycle insurer Bikmo raises £1.8M to support global cycling boom

Expert cycle insurance provider Bikmo has secured its first venture capital funding of £1.8 million (Series A funding). The investment is led by Development Bank of Wales, alongside specialist global insurer Hiscox plus existing and new angel investors.  Part of the £1 million equity and loan investment by the Development Bank of Wales is enabling Bikmo to move into new premises in Flintshire. The award-winning adventure sports insurance provider Bikmo also has offices in Innsbruck, Austria and will relocate the UK head office to Flintshire as soon as Covid-19 lockdown restrictions will allow.

15th May 2020

Rocking Horse partners with Quilam Capital to provide SMEs access to funding

UK Innovation funder Rocking Horse has announced a multi-million-pound partnership with London-based specialist investment firm Quilam Capital who have provided a committed facility to enable it to assist the millions of UK SMEs who are eligible for around £22 billion worth of Government R&D tax credits or Innovate UK grant schemes, with advance funding to support their growth and development.

7th May 2020

Coventry electric taxi manufacturer recruiting 50 employees following £1.25m loan

A Coventry-based manufacturer responsible for producing all electric black taxis - ‘Hackney Carriages’ - approved by Transport for London has secured a £1.25m loan.  The funding, which was provided by the Midlands Engine Investment Fund and Maven Capital Partners, will enable Dynamo to recruit and train 50 new employees. The firm is also set to scale up its production capacity.  Dynamo produces an electric taxi known as the ‘Dynamo taxi’. A fully electric version of London’s iconic black cab, the zero-emission vehicle is based on the Nissan e-NV200 and is manufactured in association with Nissan.

5th May 2020

Intertrust automates loan administration and cash management services

Intertrust, a global leader in providing tech-enabled fund and corporate solutions to clients operating and investing in the international business environment, has automated its loan administration, cash management and facility agent services by integrating its platform with IHS Markit’s market accredited and acclaimed Wall Street Office (WSO) software. 

 

28th April 2020

LGB arranges £20m loan for Simply Asset Finance

LGB Corporate Finance has arranged a £20 million Medium Term Note (MTN) programme for Simply Asset Finance, a leading private equity backed specialist asset finance provider. The facility will enable Simply Asset Finance to expand its lending capabilities.

28th April 2020

LGB Corporate Finance advises Whalar on new debt facility

LGB Corporate Finance has advised Whalar Ltd, a multinational advertising and media business, on the establishment of a secured working capital facility from Praetura Commercial Finance, a leading provider of alternative debt and equity funding solutions.

28th April 2020

Four new lenders announced under Coronavirus Interruption Loan Scheme

The British Business Bank has announced that it has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), 

24th April 2020

£36 million awarded to 585 Welsh businesses in just three weeks

585 businesses across Wales have been awarded funding totalling £36 million by the Development Bank of Wales since the Covid-19 Wales Business Loan Scheme was launched on Monday 30 March.

23rd April 2020

IGF appoints Barclays’ Paul Whitaker as chief risk and operating officer

Independent Growth Finance (IGF), a leading independent commercial finance provider, has appointed Paul Whitaker as chief risk and operating officer.

21st April 2020

£100m Development Bank of Wales loan scheme fully subscribed in first week

The Covid-19 Wales Business Loan Scheme is fully subscribed after more than 1,500 applications were received in just over one week.

The £100 million scheme was launched by the First Minister on Monday 30 March as part of the Welsh Government’s £500 million Economic Resilience Fund to support businesses in dealing with coronavirus outbreak.

The first loans were approved within three days of the fund launch, with the first loans reaching applicants by the end of last week.

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