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28th July 2020

Corby construction technology company set for growth with £600k MEIF package

The capital will support the creation of seven new jobs to expand the business’s presence across the UK.

Corby-based Green Life Buildings Ltd has received a £600k funding package from the Midlands Engine Investment Fund (MEIF) East & South East Midlands Debt Finance, managed by Maven Capital Partners.

The funding will enable the company, which specialises in developing construction technology, to expand its operations and create seven new jobs.  As part of its funding plans, Green Life Buildings will be increasing its manufacturing and distribution capacity.

Green Life Buildings provides an innovative lightweight and low carbon building system made up of three-dimensional latticed panels. These are designed to be low cost, environmentally friendly and able to withstand the most testing of environments and conditions.

Chris Williams, Managing Director at Green Life Buildings said: “We are very pleased to have received the funding package from MEIF. This will enable us to scale our supply across the UK by increasing our manufacturing capability to deliver the innovative and efficient M2 Advanced Building system to more customers.”

Graham Hall, Investment Manager at Maven said: “The M2 Advanced Building system is an advanced and proven construction technology, perfectly suited to the UK’s undersupplied housing construction market. We’re excited to partner with Chris and his team and look forward to backing them for continued growth.”

Hilary Chipping, SEMLEP Chief Executive, said: “Our area will be at the forefront of the UK’s green recovery so it’s great to hear of the expansion of Green Life Buildings and the new jobs it is creating in this important sector.

“It’s crucial that we support our innovative businesses to access the investment they need to pursue their growth plans, particularly at this time.”

Lewis Stringer, Senior Manager at the British Business Bank, said: “This investment in Green Life Buildings is evidence that MEIF and its fund managers, such as Maven, remain active and open to supporting innovative businesses looking to grow in the East and South East Midlands.”

The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.

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Are you new to the @BritishBBank’s #MEIF? For clear information on the finance available through the Fund please visit our Quick Reference Guide here: https://t.co/SDilCE6y9Q https://t.co/cjEwnvR6n9 MidsEngInv photo

The #MEIF is now on LinkedIn. Follow us for the latest investment news, fund updates and information on securing external finance.

Connect here: https://t.co/mhwkGSoAcr https://t.co/VXP3Zc0pJ0
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#MEIF Small Business Loans are available for a wide range of purposes including filling gaps in growth capital, funding new projects or purchasing equipment.

Connect with our fund managers @B_C_R_S and @1st_Enterprise and access more information here: https://t.co/FMbFV547x6 https://t.co/hnbIVDvsgI
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Sandiacre-based plastic moulding firm H.P.M is set to strengthen its presence in the #Midlands and create three new jobs following a £250,000 investment from #MEIF and @Maven_Midlands.

Read more in @BLMEastMidlands: https://t.co/4DMMg7PolE https://t.co/IhQtmq6QHV
MidsEngInv photo

The @BritishBBank’s Business Finance Guide has been updated to help businesses experiencing challenges due to COVID-19.

The guide provides information on funding options, financial management and how to speak with lenders.

Visit the guide here: https://t.co/A1UBjWLnka https://t.co/xFVavqQqjI
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Follow @midsenginv

Are you new to the @BritishBBank’s #MEIF? For clear information on the finance available through the Fund please visit our Quick Reference Guide here: https://t.co/SDilCE6y9Q https://t.co/cjEwnvR6n9 MidsEngInv photo

The #MEIF is now on LinkedIn. Follow us for the latest investment news, fund updates and information on securing external finance.

Connect here: https://t.co/mhwkGSoAcr https://t.co/VXP3Zc0pJ0
MidsEngInv photo

#MEIF Small Business Loans are available for a wide range of purposes including filling gaps in growth capital, funding new projects or purchasing equipment.

Connect with our fund managers @B_C_R_S and @1st_Enterprise and access more information here: https://t.co/FMbFV547x6 https://t.co/hnbIVDvsgI
MidsEngInv photo

Sandiacre-based plastic moulding firm H.P.M is set to strengthen its presence in the #Midlands and create three new jobs following a £250,000 investment from #MEIF and @Maven_Midlands.

Read more in @BLMEastMidlands: https://t.co/4DMMg7PolE https://t.co/IhQtmq6QHV
MidsEngInv photo

The @BritishBBank’s Business Finance Guide has been updated to help businesses experiencing challenges due to COVID-19.

The guide provides information on funding options, financial management and how to speak with lenders.

Visit the guide here: https://t.co/A1UBjWLnka https://t.co/xFVavqQqjI
MidsEngInv photo

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