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Growth Finance

Proud to back innovative businesses

The Growth Finance offering is a UK-wide debt package aimed at high growth, intellectual property rich businesses which have raised, or are in the process of raising, professional equity.

Since inception, the team has advanced £70m to some of the UK’s fastest growing businesses across a wide range of sectors including:

  • Software
  • Engineering
  • Networking & Communications
  • Life Sciences
  • Semiconductors
  • Oil & Gas

Our offering provides a level of support which is vital for innovative and rapidly expanding businesses seeking a tailored funding package to support their investment needs and/or their working capital requirements as they build future enterprise value. Critically, our funding is non-dilutive to management teams and existing investors.

Our funding package differentiates itself from many conventional debt products as it does not require a business to be either profitable or cash generative at the point of borrowing. Instead, the team aims to support businesses which expect to be cash generative within the next 24 months.

You may already be selling your product but are seeking funding to expand in the UK or overseas. You may be looking to develop the next iteration of your product set or you may want that final funding push which could help take you to profitability. If so, then now is the time to talk to our dedicated Growth Finance team.


Deal Highlights

Displaydata
Displaydata

Displaydata, the leading provider of digital display solutions to the retail industry, is targeting further growth following agreement on a new £7.5 million funding package with the Bank. Based in Bracknell, the venture-backed private company which has pioneered the design and supply of fully graphic electronic shelf labels (ESLs) and digital display technology will use the funding, which includes a $5m invoice finance line to support additional working capital requirements and provide cash headroom for expansion and continued solution development.

ActiveOps Ltd
ActiveOps Ltd (AO)

ActiveOps Ltd (AO), global leaders in operations performance management, are targeting expansion following agreement on a new £2 million funding package from the Bank. The funding will be used by the Reading based software and training company to support its growth plans with the focus on international expansion into markets in Asia and the US.

Cyberhawk Innovations Limited
Cyberhawk Innovations Limited

Cyberhawk Innovations Limited, the world leader in Remotely Operated Aerial Vehicle (ROAV) inspection and survey, and a pioneer in the conversion of drone-captured data into powerful asset information, is targeting expansion with a new £2 million funding package from the Bank.

Blue Prism
Lumi Technologies

Hampshire-based Lumi Technologies, the global market leader in real-time audience insight technology, is targeting further expansion following agreement on a new £2 million funding package from the Bank.

Blue Prism
Blue Prism

Blue Prism, a North West England software company who specialise in “Robotic Process Automation”, is set for a period of further international expansion, having secured a £2m credit facility from the Bank.

Aircraft Medical
Aircraft Medical

The world leading designer and manufacturer of portable video laryngoscopes received Growth Finance funding to support the expansion of its international sales and marketing and to expand its product range.

Safeguard World International
Safeguard World International

SafeGuard World International, a leading provider of global managed payroll and global employment outsourcing solutions is accelerating its expansion plans having received a Growth Finance funding package from the Bank.

Exco InTouch
Exco InTouch

We provided Term Loan funding to the leading provider of patient engagement and data capture solutions for clinical research and health care providers.

Fotech Solutions
Fotech Solutions

Fotech Solutions is a global provider of fibre optic monitoring systems to the energy, safety and security sectors. A £3 million funding package was advanced, enabling the company to bring its Helios monitoring system to these markets, increase its workforce, and expand into new territories.

Route Monkey
Route Monkey

Award-winning provider of fleet scheduling technology, Route Monkey is creating jobs and targeting new markets abroad having received a funding package worth over £2m from the Bank.

Neoss
Neoss

Neoss which designs, manufactures and supplies dental implants across the world is set for a period of expansion and growth. A new £1.5m facility from the Bank will provide the company with the financial flexibility to develop new products and target new markets.

OpenCloud
OpenCloud

The Bank provided £4.5 million growth finance funding to OpenCloud, whose networkbased products enable telecom operators to adapt and innovate their infrastructure and services more competitively. The package will allow the company to invest in further research and development, and support its exceptional growth.

Polatis
Polatis

The performance leader in all-optical switch technology, secured $4 million of debt financing to support its continued global growth strategy.

Touch Bionics
Touch Bionics

Touch Bionics, the Scottish producer of bionic hands, secured a £2.5 million funding package from the Bank to help it expand overseas. The funding package included working capital facilities and term loan facilities to support growth.

P2i
P2i

P2i, the market-leading nano-coating technology firm specialising in invisible surface functionality, is set to continue its expansion following a £5m funding package from the Bank. The deal, which includes a mix of term loan and working capital facilities, will provide a funding boost as P2i continues to expand its global footprint, customer base and technology offering.

CamSemi
CamSemi

The Bank completed a growth finance deal for CamSemi, one of the UK’s fastest-growing semiconductor companies. Based in Cambridge and with offices in Taiwan, China, Hong Kong and Korea, CamSemi is an emerging leader in power management integrated circuits for energy-efficient mains power-conversion products.

Speciality European Pharma
Speciality European Pharma

The Bank delivered £2.5 million funding to Speciality European Pharma: a business that seeks to acquire, license or distribute products aimed primarily at the European urology and urogynaecology markets.

Toumaz Group
Toumaz Group

The Toumaz Group is a pioneer in low-power, wireless semiconductor and software technologies for Healthcare and Consumer Audio, operating two divisions, Sensium Healthcare and Frontier Silicon. A £5 million funding package from the Bank will strengthen existing cash reserves and support the business through to cash generation.

Relayware Ltd
Relayware Ltd

The Bank delivered a £2.5 million funding package to Relayware, a SaaS-based provider of Partner Relationship Management and Partnering Automation software. The investment will help Relayware accelerate its growth with additional sales and marketing capacity and the development of its new partner performance applications.

Cascade Technologies
Cascade Technologies

An initial £1.75 million funding package supported Cascade Technologies: one of the world leaders in the design and manufacture of Quantum Cascade Laser-based gas-monitoring systems.

Invenias
Invenias

We provided Invenias, the leading cloud-based platform for executive and strategic hiring, with $1.7 million in debt funding, as part of a wider $2.8 million funding package. The funding will assist the company in achieving its growth ambitions by investing in its platform, infrastructure and scale with its customers.

For more information, please visit our Completed deals page.

Head of Growth Finance

David Hayers
David Hayers

Telephone:
07734 111 346

Email

Our new Emerging Technology Unit complements our Growth Finance services. It’s designed to support smaller, high growth technology businesses at an earlier stage in their life cycle.


Case studies

  • Find out more about Open Cloud
  • Find out more about Touch Bionics
  • Find out more about Polatis

Important information

Terms and conditions apply. All loans are subject to status and eligibility. Over 18s only. Fees may apply. Please note that security may be required. Any asset used as security will be at risk if you break the agreement and may be sold to repay your debt. The Bank only provides information on the products, services and transactions provided by it or a member of the Bank's group. It is your responsibility to seek any financial, tax and /or legal advice that your require. Any decision to enter into a transaction with us is on the basis that you have made your own assessment, with or without additional professional advice, of the suitability of the product for your requirements.