Halifax fit-out firm set to create new jobs with six-figure funding

A Halifax company specialising in furniture and fit-outs for student and rental accommodation schemes has secured £500k funding from NPIF - Mercia Debt Finance.

Project:ff&e has secured the loan, managed by Mercia and part of the Northern Powerhouse Investment Fund, to boost growth following a series of contract wins.

Established in 2010 by Jamie Watson, Jim Shanks, Martin Corbett and Neil Dimmock, the firm services the private rented sector (PRS), student accommodation, healthcare and education sectors nationwide.

The funding, managed by Mercia and part of the Northern Powerhouse Investment Fund, will provide additional growth capital and allow Project:ff&e to expand its supply chain as well as create 10 new jobs.

Nigel Barker, Project:ff&e’s finance director, commented: “We have had some great opportunities this year and taken on a lot of new work, but we struggled to find finance through conventional routes.

“We were told the banks are nervous of the construction sector, although we are not, strictly speaking, a construction firm.

“The Mercia team listened to our needs and were both pragmatic and quick in finding a solution.”

Jonathan Craig, investment manager with Mercia, added: “Project:ff&e is a fast-growing firm that has built a nationwide reputation for its work.

“As this case shows, even successful businesses can face difficulties in accessing finance for growth. We are pleased to be able to support it by providing the funding it needs to take up these opportunities.”

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