M&E firm to create 15 jobs with funding deal

An East Midlands M&E firm is set to create 15 jobs after landing a £750,000 debt financing packaged from the Midlands Engine Investment Fund (MEIF) Debt Finance, managed by Maven Capital Partners.

Sleaford Building Services (SBS) will use the loan to support its growth plans, helping deliver a number of upcoming contracts, while also creating the new jobs.

SBS is led by Managing Director, Barry Exton and his management team. Founded in Exton’s back garden in 2003, the firm has grown into one of the largest independent mechanical and electrical contractors in the East Midlands, working with clients from sectors including healthcare, leisure and education.

Exton said: “We are extremely excited to receive this funding through the MEIF Maven Debt Finance Fund. This is a great time to receive finance as it will support the expansion of the business, creating jobs and enabling the team to deliver new contracts.”

Richard Altoft, investment director at Maven Capital Partners, said, “We are delighted to provide SBS with the funding package it needs to maintain and enable its growth plans. The business is well-established and is led by a strong management team. We look forward to seeing what’s in store for SBS in the coming years.”