Lanarkshire water company secures £3.5m finance facility
Intelligent Water has secured a £3.5m finance facility from Beach Point Capital UK.
The Lanarkshire-headquartered business, launched in 2021, now turns over around £8m a year, serving almost 4,000 customer supply points across Scotland.
The facility is one of the first investments made by Beach Point’s fourth fund, which is backed by the British Business Bank and dedicated to providing growth capital to UK and Irish SMEs.
The money will primarily support the additional working-capital requirements created as Intelligent W... 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...
