Boost for region’s SMEs as lender secures multimillion-pound funding
A not for profit business lender has secured additional funding from a national programme to support small businesses in the West Midlands unable to access commercial finance.
BCRS Business Loans has secured £7.5m from the Community Investment Enterprise Facility (CIEF), established by Big Society Capital and managed by Social Investment Scotland (SIS).
It is also in advanced negotiations with an ethical bank to raise a further £7.5m, which will be matched by Big Society Capital to create an overall fund of £15m.
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