Shaylor Group gets a further £0.5m Finance Birmingham investment

(l-r) Gary Turley, Finance Director at Shaylor Group with Clive Broadhurst of Finance Birmingham

(l-r) Gary Turley, Finance Director at Shaylor Group with Clive Broadhurst of Finance Birmingham

West Midlands based construction company Shaylor Group, has received a further half a million pounds of funding from Finance Birmingham, following the continued growth of the company since an initial investment nearly a year ago.

Shaylor Group received £0.5m from Birmingham City Council’s Business Loan Fund last July, via Finance Birmingham. Since the initial funding, Shaylor has demonstrated continued growth, and as a result has been granted a further £0.5m to support the on-going delivery of new project wins across the company’s Build, Repair and Maintain and Interiors divisions.

The funding is due to create 40 new jobs in Birmingham, whilst safeguarding a further 60 jobs across the company. The Business Loan Fund is a groundbreaking initiative offering a £10 million package of loans to small and medium businesses (SMEs) based in Birmingham.

The loan fund supports a diverse range of profitable Birmingham companies which have previously been unable to access funding through the banks. Clive Broadhurst, Investment Executive at Finance Birmingham said: “Shaylor Group is a solid and profitable company with a long heritage firmly rooted in Birmingham – exactly the type of business that the Business Loan Fund was made available for.

“We are delighted that the company has been able to build on the initial funding we provided last year, which has enabled us to support them with this second fund twelve months on. We look forward to Shaylor’s continued growth and hope that its success will inspire other companies to come forward for funding.

”Gary Turley, Finance Director at Shaylor Group said: “The funding from Finance Birmingham has provided the working capital we needed to employ more staff and increase our level of activity, enabling us to tender for, and deliver more projects across our key sectors and compete on a national scale.

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