Finance Birmingham has helped six companies secure almost £5 million in funding over the last three months, it has been revealed.
The funds have helped create more than 120 jobs and safeguard a further 116.
The Finance Birmingham team expect to complete a further £7 million worth of transactions before the end of the year, creating and safeguarding another 409 jobs.
Companies supported include retail design firm Green Room, commercial lighting specialist Lightsense UK and property maintenance business Nationwide Property Assistance.
Sue Summers, chief executive of Finance Birmingham, said: “We have had a phenomenal run of funding deals in the last few months.
“While Finance Birmingham’s focus has traditionally been on supporting local companies, our track record and growing expertise is seeing us entrusted with national funds, meaning we are now able to support businesses across England. We expect to help many more companies grow before the year is out.”
With almost £0.5 billion-worth of funds now under management, Finance Birmingham has grown its funding base significantly.
It has also become the Government’s partner for the national Advanced Manufacturing Supply Chain Initiative (AMSCI). Finance Birmingham currently manages £300 million in funding for the scheme.
Andy Street, chair of the GBSLEP, which provides funds to Finance Birmingham, said: “Using initial public funds, Finance Birmingham has worked on behalf of the GBSLEP with partners across the wider region, including the Black Country and Coventry & Warwickshire LEP, to unlock private sector investment and ensure the businesses that will drive our regional economy in the years to come are supported.”