Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_724689295
October 25 2017

Growth Street plans to lend £50m to SMEs in the Midlands

Marc Shoffman Industry News, News Brexit, Greg Carter, Growth Street, Growthline, loans, Midlands, p2p

PEER-TO-PEER business lender Growth Street has pledged to channel £50m to small- and medium-sized enterprises (SMEs) in the Midlands over the next 12 months.

The announcement is part of the platform’s plans to target several key sectors in 2018, including manufacturing, wholesale and professional services.

“The Midlands is a UK manufacturing powerhouse, and we want to ensure that SMEs from Birmingham, Coventry, Wolverhampton and beyond are able to fulfil their potential with an investment boost,” said chief executive Greg Carter.

Read more: Growth Street snaps up 1,000 investors

“UK SMEs are working in uncertain times. With Brexit fast approaching, we believe that more than ever businesses need access to flexible finance, which can help mitigate risks as well as allowing fast-moving businesses to take advantage of opportunities.

“At Growth Street, we’re on a mission to not only give businesses access to this finance, but to provide the tools that will help take growing manufacturers in the Midlands to the next level.”

Read more: Growth Street sees strong demand from millennials

Growth Street’s flagship product is Growthline, which is a flexible solution that allows companies to access capital when they need it and make repayments as often as they like within their limits.

The alternative business lender said it has now matched £100m of loans between investors and borrowers since launch in 2015.

Read more: Growth Street hires first chief technology officer

Treasury seeks creditors’ views on solution to problem debt LandlordInvest expects to double IFISA intake this tax year

Related Posts

man business analytics and financial Business finances and accounting concept.

Industry News, News, Top 3

ThinCats’ credit processes unchanged despite pandemic

closeup macro fifty euros bankontes background

Global News, Industry News, News, Top 3

EstateGuru reports 50pc rise in annual lending volumes

Geschäftsmann vor weißem Hintergrund stellt Geschäftserfolg vor

Industry News, News, Property, Top 3

LendInvest predicts higher demand for complex lending in 2021

Popular posts:

  • Government responds to P2P fraud query
  • FCA lumps P2P lending in with higher risk products again
  • The alternative lenders accredited for CBILS
  • 4th Way gives its views on Zopa and Funding Circle returns
  • Funding Circle to offer first and second draw PPP loans
  • SME lender warns many companies will not survive
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by