EFG cash for surveyors

A NORTH WEST surveying and engineering consultancy is set to branch out after securing a funding package.

Warrington-based PMC UK Property Solutions has secured the funding from Royal Bank of Scotland under the Government’s Enterprise Finance Guarantee scheme.

Established seven years ago, PMC specialises in subsidence investigation and the project management of claims on behalf of major insurers such as Prudential Direct Line and Churchill. 

The company will now broaden its services by investigating other insurance ‘perils’ such as floods and fire damage. 

PMC’s directors are confident this will generate additional income streams and reduce their reliance on a depressed housing and commercial property market.

The majority of PMC’s 26 employees are chartered surveyors or engineers, with project management experience across multiple sectors.  

The EFG scheme aims to ensure that smaller businesses have the necessary working capital or investment finance in place to help them weather the recession. Under the scheme the government will guarantee 75% of any loans made, with the bank covering the remaining 25%.  

Steve Hunt, director of PMC, said: “Before we expand the business it is important that we have the necessary capital in place and this package provides us with that. 

“Our greatest asset is the technical skills or our employees and we are confident this knowledge base will open up new markets.  The property market is struggling at present and therefore it is important to diversify into other sectors which are less affected by the recession.”