News

Back to News

1st May 2019

Growth on the agenda for Furnley House following £200,000 MEIF investment

Funding will be used to accelerate growth plans by expanding the company’s product and service portfolio and creating 12 new jobs in the region

Leicester-based Furnley House Limited (Furnley House), a firm of independent financial advisers and mortgage brokers, has received a £200,000 investment from the Midlands Engine Investment Fund (MEIF).

Delivered by Maven Capital Partners, the funds will be used by Furnley House to support the next phase of its growth, developing its product and service offering and allowing the firm to expand its team - creating an additional 12 new jobs in the Midlands.

With more than 3,000 customers, Furnley House provides both business and private clients with a range of services from investment advice and management, financial planning, pension management and mortgage broking.

The firm is run by an experienced management team, including Senior Financial Planner and Director Neil Haley. To support further growth, three non-executive directors have been hired, widening the areas of expertise across the management team.

Neil Haley, Director at Furnley House said, “We are thrilled to receive funding from MEIF Maven Debt Finance. This is a really exciting time for the business and the investment will enable us to continue growing at a rapid rate by giving us the opportunity to hire additional advisors and support staff.

“We’re a business that lives by our values with client centricity being our main focus. Everything we do is with clients in mind, the firm’s growth plans aim to improve products, services and the overall client experience which will help us maintain high retention rates.”

Jonathan Lowe, Investment Director at Maven said: “Furnley House is a profitable, ambitious business with a capable management team, looking to scale-up. It is exactly the sort of business that MEIF Debt Finance was created to support. We are delighted to help Furnley House achieve its growth plans and continue to contribute to economic development in the East and South-East Midlands.

Lewis Stringer, Senior Manager at the British Business Bank said: It’s great to see finance from the Midlands Engine Investment Fund being used to support business growth. Funding expansion projects and providing opportunities to recruit new staff are just a couple of examples of the ways finance from the MEIF can be used. With that in mind, we encourage any small business in the Midlands looking to grow to check out the options available through the MEIF.”

Kevin Harris, Chair of the Leicester and Leicestershire Enterprise Partnership, said: “Sound financial advice, mortgage brokering, and pension management are cornerstones of our growing economy here in Leicester and Leicestershire. Furnley House epitomises the qualities needed to be successful in this sector, through both its professionalism and profitability. I’m pleased to see Furnley House granted this MEIF funding, which will secure its growth into the future.”

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.

Follow @midsenginv


The #MEIF Quick Reference Guide breaks down the different types of finance available through the Fund and the types of businesses best suited to each. Download it here - https://t.co/RngOaJw0eV https://t.co/EvAftZBCy7 MidsEngInv photo

The @BritishBBank has today released its Small Business Finance Markets Report 2020. Key findings include #MEIF supporting 20% of equity deals in the #Midlands, helping the region's businesses unlock new growth. Read #SBFM2020 here - https://t.co/W32Uh2aPWG https://t.co/MLDHvnredp MidsEngInv photo

20% of equity deals in the Midlands supported by the #MEIF - revealed in the @BritishBBank's #SBFM2020 Report released today - https://t.co/W32Uh2aPWG https://t.co/bCrbzCeChd
MidsEngInv photo
British Business Bank @BritishBBank
Our regional funds, @MidsEngInv and @NPIFBBB, have contributed 20% and 16% respectively to equity deal numbers in the North & Midlands #SBFM2020 #LevelUp

Download the full report now
👉 https://t.co/pSuiMCJXle https://t.co/VzV0nikT14

Growth Hubs are centres for business support, connecting firms to the right help for their needs. With 10 located across the Midlands, find your nearest here - https://t.co/47oT5NP7xK https://t.co/gW78zLZ8Ym MidsEngInv photo

Supporting innovation is a key priority for the #MEIF, with the Fund investing £150k in Birmingham-based @aceleronenergy – a firm developing cutting edge battery technology. In the video below, CEO Amrit Chandan explains how the funding supported the firm’s #Growth https://t.co/im8hET5eGZ

Find Out More

If you would like to meet with one of our appointed Fund Managers to talk in more detail please go to Funds Available to find the Fund Managers operating in your area

Small Business Loans

£25k – £150k

Learn More
debt finance

Debt Finance

£100k – £1.5m

Learn More
equity finance

Equity Finance

£50k – £2m

Learn More

Proof of Concept

Up to £750,000

Learn More

Follow @midsenginv


The #MEIF Quick Reference Guide breaks down the different types of finance available through the Fund and the types of businesses best suited to each. Download it here - https://t.co/RngOaJw0eV https://t.co/EvAftZBCy7 MidsEngInv photo

The @BritishBBank has today released its Small Business Finance Markets Report 2020. Key findings include #MEIF supporting 20% of equity deals in the #Midlands, helping the region's businesses unlock new growth. Read #SBFM2020 here - https://t.co/W32Uh2aPWG https://t.co/MLDHvnredp MidsEngInv photo

20% of equity deals in the Midlands supported by the #MEIF - revealed in the @BritishBBank's #SBFM2020 Report released today - https://t.co/W32Uh2aPWG https://t.co/bCrbzCeChd
MidsEngInv photo
British Business Bank @BritishBBank
Our regional funds, @MidsEngInv and @NPIFBBB, have contributed 20% and 16% respectively to equity deal numbers in the North & Midlands #SBFM2020 #LevelUp

Download the full report now
👉 https://t.co/pSuiMCJXle https://t.co/VzV0nikT14

Growth Hubs are centres for business support, connecting firms to the right help for their needs. With 10 located across the Midlands, find your nearest here - https://t.co/47oT5NP7xK https://t.co/gW78zLZ8Ym MidsEngInv photo

Supporting innovation is a key priority for the #MEIF, with the Fund investing £150k in Birmingham-based @aceleronenergy – a firm developing cutting edge battery technology. In the video below, CEO Amrit Chandan explains how the funding supported the firm’s #Growth https://t.co/im8hET5eGZ

For the latest news and views join our mailing list

Join our mailing list

Just add your details below to receive the latest Northern Powerhouse Investment Fund news and information