West Brom furniture business gets £500,000 injection
West Bromwich furniture wholesaler Serene Furnishings has received investment of £500,000 which will fund its ambitious growth plans to widen its product range, upgrade its IT systems, and take on more staff.
The money was provided by Maven Capital Partners, which provided £250,000 from the Midlands Engine Investment Fund (MEIF), and £250,000 from HSBC.
The £50m MEIF West Midlands Debt Fund provides debt finance to of between £100,000 and £1.5m to high growth SMEs in the region.
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