FDC launches £81.5m fund to boost growth for regional SMEs
Frontier Development Capital (FDC) has launched a new £81.5m fund to support the growth of regional SMEs and help them improve sustainability.
The debt funding specialist, which is part of Mercia Asset Management, has created the Evolution fund, which will focus in particular on businesses in the Midlands and the North of England.
It’s backed by £80m in commitments from West Midlands Pension Fund (WMPF) and the British Business Bank, each committing £40m. It will provide flexible debt solutions of £1m to £8m to establishe... 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...
