Boost for SMEs as bank commits £30m in funding
British Business Investments, the commercial arm of Sheffield-headquartered British Business Bank, has committed £30m to a major fund for SMEs to help them invest in their growth and expansion plans.
BBI pledged the £30m in the initial closing of Shard Credit Partners Fund I as part of a first close of the fund with £90m of commitments.
The fund will provide loans of £5-15m to UK SMEs with turnover of less than £100m.
British Business Investments is providing the funding under its Investment Programme, which has now comm... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
