Construction technology company set for growth with £600,000 MEIF loan
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The capital will support the creation of seven new jobs to expand the business’s presence across the UK.
Corby-based Green Life Buildings has received a £600,000 funding package from the Midlands Engine Investment Fund (MEIF) East & South East Midlands Debt Finance, managed by Maven.
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 3 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.”
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.