MEIF Maven East & South East Midlands Debt Finance provides Streamline Press with £250,000 funding package
Streamline Press, a leading commercial printer specialising in lithographic, digital and large format print services, has secured £250,000 funding from MEIF Maven East & South East Midlands Debt Finance, managed by Maven Capital Partners. This funding will support the implementation of Streamline Press’ profit improvement and growth strategy.
Streamline Press is a leading commercial printing company with a diverse range of services split across two sites in Leicester. The company produces lithographic, digital and large format print, with extensive in-house print finishing and mailing capabilities, enabling it to help its customers get the most from their print budgets. From short run digital print to larger, colour critical brochures, Streamline has established itself as the first point of contact for many of its customers across the Leicester area.
The print market is going through a period of fundamental change, with the need for shorter print runs of high-end products and tailored, individual designs becoming more popular than ever. This funding will enable the company to ensure it stays market relevant by increasing its ability to innovate, improve production capability, expand its operations team and support its overall growth strategy.
The management team has considerable industry experience and is led by Managing Director Mark Lockley, ACA qualified, with numerous years’ experience running independent businesses. Mark acquired Streamline in 2013 and has nearly two decades’ experience in the print market, and is supported by Sales Director Richard Smith, who himself has 27 years’ experience in the printing industry and joined Streamline in 2001. Steadily rising through the ranks, Richard joined the Board and invested alongside Mark in 2016.
Mark Lockley, Managing Director at Streamline Press said, “We are thrilled to receive funding from MEIF Maven Debt Finance. Our company is much more than print, with knowledgeable, experienced people who have spent their working lives in the world of print – we are passionate about ensuring that they continue to grow with us on this journey. The funding will help us to achieve just that, enabling us to improve profits, grow the business and realise our full potential.”
Richard Altoft, Investment Director at Maven said: “This is an exciting opportunity to lend to an established and growing business with a strong management team. The deal will enable Streamline Press to grow the business. We are delighted to support the company’s growth plans and continue to contribute to economic development in the East and South East Midlands.”
Richard Smith, Sales Director at Streamline Press said, “It’s a very exciting time for all of us. Help from the MEIF will give us the boost we need to ensure Streamline can stay at the top of our game. The support offered will strengthen our service for valued existing customers as well as helping us to drive some exciting new sales growth.
The MEIF project is supported financially by the European Union using funding from the ERDF as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.