Funding. News - 10 May 2021

Nottinghamshire furniture designer secures £500,000 funding package

Sylvan Enterprises has received a £500,000 loan through the Midlands Engine Investment Fund ESEM Debt Finance fund and backed by the Coronavirus Business Interruption Loan Scheme, managed by Maven Capital Partners.

Sylvan is based in Mansfield, Nottinghamshire and specialises in the manufacturing of contract furniture where it coordinates with a range of interior designers, architects and specifiers throughout the design and manufacturing process.

Operating in the contract furniture sector for over 25 years, Sylvan works with a number of well-known clients including Hilton, Accor, IHG, and Bannatyne Health Club and Spa. They plan to use the funding package to support their growth capital needs as well as expanding into new markets, with plans to enter the social care and education sectors.

Amanda Page, Commercial Director for Sylvan Enterprises comments: After what has been a very challenging year, this finance will enable Sylvan to venture into new markets with confidence, knowing that we have the capital behind us to do so. It has also enabled us to take on two larger projects in 2021 with the full knowledge that cash flow will not cause any issues during the early stages of both projects.’’

 Sajeeda Rose, Chief Executive for D2N2 said:Businesses with a plan for growth are vital for our region’s economic recovery, so I’m delighted that Sylvan has secured investment from the Midlands Engine Investment Fund to support is commercial expansion into new markets”

The Midlands Engine Investment Fund

The MEIF is a collaboration between the British Business Bank and ten Local Enterprise Partnerships (LEPs) in the West Midlands and East Midlands. It is supported by the European Regional Development Fund, the European Investment Bank, Department of Business, Energy and Industrial Strategy and British Business Finance Ltd. The D2N2 LEP has contributed £11.75m of ERDF to the Midlands Engine Investment Fund.

The Coronavirus Business Interruption Loan Scheme (CBILS) is managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy (BEIS).

Latest News & Events

29 February 2024

Made Smarter East Midlands: helping manufacturers to reach their Net Zero goals

Read Article

28 February 2024

The East Midlands Combined County Authority goes live today

Read Article

23 February 2024

D2N2 LEP Deputy Chair David Williams appointed to key role on EMCCA shadow board

Read Article

25 January 2024

Nottingham College students quiz East Midlands mayoral candidates

Read Article

24 January 2024

Last call for Connected Futures event on 25th January – book your place now!

Read Article

19 January 2024

How to ensure you stay up to date with the latest news from D2N2 Local Enterprise Partnership

Read Article

18 January 2024

D2N2 LEP secures funding for next wave of Skills Bootcamps provision

Read Article

17 January 2024

D2N2 LEP Priorities for 2024: Delivery excellence and an exciting transition

Read Article

19 December 2023

D2N2 LEP Annual Event and AGM video published

Read Article

19 December 2023

D2N2 LEP supports Chesterfield Champions event by showcasing our Skills Bootcamps offer

Read Article

Get in touch.

Subscribe to our newsletter

Sign up
Address

D2N2 Local Enterprise Partnership
8 Experian Way
Nottingham
Nottinghamshire
NG2 1EP

Social

Our Partners