BMS Finances announce £30m investment boost for SMEs
Posted by Billy Wood on 22 Jan 2016
London-based BMS Finance has today announced it is to commit £30m of further investment for UK SMEs.
The specialist finance company, which focuses its lending on SMEs, and GLI Finance matched the £15m committed to the fund by British Business Bank Investments Limited, the commercial arm of the British Business Bank.
Since its launch in August 2014, BMS Finance has committed £31m to UK SMEs across 14 transactions.
Director at BMS Finance, Martin Ling, said: “2015 was another busy year for BMS Finance, with the team completing 10 transactions totalling over £20m.
"The further support from the British Business Bank and GLI Finance enables us to start 2016 with a £60m investment vehicle, £30m of which is currently available for lending and we are keen to continue our support of the SME sector.
"We are always looking for new opportunities so welcome approaches from growing UK SMEs and their advisors seeking between £500k and £5m in senior debt.“
Peter Wilson, Chief Executive Officer of British Business Bank Investments Limited, commented: “There is a continuing shortage of capital for loan requirements of less than £5m and the BMS Finance team have demonstrated an ability to originate, structure and manage loans at this level.
"We are pleased to increase our commitment to this Fund and look forward to an ongoing successful partnership with BMS Finance.“