Property finance specialist secures £15m boost from British Business Investments

An independent property finance lender has secured a £15million boost from British Business Investments.

Roma Finance, headquartered in Manchester, will use the funding to support small homebuilders with money to help build new residential homes.

The company has invested over £30m in the North West over the past three years.

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British Business Investments, a wholly-owned commercial subsidiary of British Business Bank, aims to increase the supply and diversity of finance for small businesses across the UK, by building the lending capacity of a range of providers of financing.

Since its inception in 2014, British Business Investments has committed over £3.0 billion to UK small business finance providers.

Scott Marshall, Managing Director of Roma Finance, said, “We are delighted to announce this new funding agreement which will help us support even more smaller, good quality programs across the country.

“British Business Investments’ aim is to make finance accessible to small businesses. Our visions and ideals are fully aligned and we have close relationships with many builders and property investors.

“We are committed to funding projects that benefit our communities and we offer fast decisions, access to our significant real estate expertise and a dedicated point of contact throughout the process, from application to construction completion and resale. We are very excited about this new partnership, and it will help our customers.”

Judith Hartley, CEO of British Business Investments, added: “British Business Investments is committed to ensuring that small businesses in the UK can access as diverse a range of funding options as possible, to help them grow and succeed.

“We also seek to support sustainable growth and enable the transition to a net zero economy, by improving access to finance for small businesses.

“This £15m commitment to Roma Finance supports our goals as Roma Finance provides much needed support to the smaller housing construction sector, which has faced restricted access to finance in recent years.

“Supporting independent regional operators helps diversify the financial market and provide more choice for businesses in the North West and the UK, so they can access the finance they need to grow and thrive.”

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