Close Brothers Asset Finance has conditionally been awarded a further £40 million by the Regional Growth Fund. This money comes from the fifth round of spending by the Government-run scheme, which supports private-sector investment to create economic growth and sustainable employment.

CEO Mike Randall said: “We were delighted to learn that we’ve been granted a further major allocation of funds in the latest round of the RGF. It is an excellent scheme that has already given many businesses a financial life-line, and this new award is validation of our commitment to supporting SMEs across the country. We have helped over 250 small firms to create or safeguard over 1,000 jobs.

“Funds from this new round will be available later in the year, when we have finalised the details with the Department for Business. There are conditions that apply to the eligibility of businesses; our representatives are able to discuss all options in order to make the process as easy as possible.”

For more information about Close Brothers Asset Finance and the Regional Growth Fund, telephone 01244 459798.