Funders seek Brexit opportunity from process industries
26 Feb 2019
A leading SME finance platform claims that UK energy companies are likely to benefit from a growth of investment interest from pension funds and institutions.
CODE Investing, which specialises in unsecured loans of between £0.5-£5 million, says that the sector is now being targeted despite continuing uncertainty over Brexit.
The company’s head of origination, Chris Roberts, commented: “It’s ironic that, for energy companies seeking growth capital, there has never been a broader choice of finance options from non-bank lenders. The latest entrants into the sector are major institutions, typically pension and asset management funds.
“One of the sectors we have been specifically tasked to target is energy, and with a war chest of £0.5 billion set aside, there is plenty of investment capital to go around for companies seeking to grow their market share. It’s a significant development within the space.”
Earlier this year it was reported that there was a rise in financial technology firms seeking to advance loans to British manufacturers keen to stockpile raw materials before 29 March 2019.
Loans to manufacturers were estimated to have increased year on year by more than 8% in 2018.
