Funding stream Finance Birmingham has secured its latest deal with a £1.75 million package for a manufacturing company.
Coventry Chemicals, a manufacturer and supplier of cleaning products to the professional, retail and healthcare sectors, has received the cash injection to support its growth including plans for a major export drive.
The funds will also allow the business to invest in innovation, with new machinery and improved materials, and see it create ten new roles and secure 140 jobs at its site in Coventry.
The Baginton-based firm, which develops and supplies products for many customers' own brands, has plans to build its international operations in new markets including Brazil, India and South East Asia.
Managing director Steve Quinlan said: "Finance Birmingham's support has enabled us to secure the future of Coventry Chemicals and take forward plans for international expansion and growth in the UK.
"The team has worked closely with us to build a package that will allow us to develop innovative new products and capture the growth opportunities that these will bring."
This is the eighth deal for Finance Birmingham's £56 million Mezzanine Fund which was unveiled last year.
The fund, which is supported by the Government's Regional Growth Fund, is the largest individual growth capital fund for SMEs in the West Midlands and Finance Birmingham said it expected it to help more than 40 businesses and create jobs across the region.
Investment director Stephen Murray added: "Coventry Chemicals is a long-standing West Midlands manufacturer that is evolving to not only keep pace but to lead its sector in the UK and beyond.
"Working with the business, we have supported an operational restructuring that is now driving significant growth and seeing the company expand into new product categories and geographies.
"We are here to support companies that have similar plans, to build their business, expand and create jobs."