Reward Finance Group Scores an Extra £50 Million Credit Line to Power SME Growth
Reward Finance Group, the specialist lender that offers tailored business finance loans and asset‑based solutions up to £5 million, has added a fresh £50 million to its credit line from the alternative investment manager Foresight Group. With the new boost, Reward’s total facility from Foresight jumps to £180 million, giving it the breathing room to support even more small and medium‑sized enterprises across the UK.
Why the Extra Cash Matters
- Rapid expansion underway: Reward currently backs more than 500 SMEs from six regional offices and has just crossed a £200 million loan‑book milestone.
- Leadership upgrades: Several senior appointments have been made to strengthen Reward’s UK footprint.
- Economic backdrop: Post‑COVID recovery, rising inflation, high interest rates and corporation tax leave many SMEs scrambling to find funds.
Word from the Leaders
Nick Smith, Group Managing Director, remarks: “This extra line of credit is a win for us and for our clients, especially in today’s tough business landscape. SMEs struggle to secure funding from traditional banks, so Foresight’s support over the last six years has been a cornerstone of our growth ambitions. With the £50 million addition, our total facility now stands at £180 million. That confidence from Foresight fuels our plan to hit a £350 million loan book by next year.”
Amy Crofton, Director at Foresight, says: “We’re delighted to extend Reward’s credit line by another £50 million. Over 12 years of steady growth, Reward has become essential for UK SMEs. Their sensible, responsible lending approach has helped businesses secure the working capital they need to grow and create jobs. We’re thrilled to back Reward in delivering faster, more flexible funding for firms braving a challenging market.”
David Harrop, Group Finance Director, adds: “The £50 million surge is a major leap forward, both for the business and for SMEs navigating economic and political uncertainty. Within the past two years we’ve broadened our reach from Yorkshire and the North West to almost every corner of the UK. Foresight’s latest investment recognises that momentum.”
From 2011 to Today
Since its launch in 2011, Reward has supported over 2,000 businesses across the UK, delivering more than £1 billion in working capital to help SMEs boost revenue, create jobs, innovate, and weather tough trading periods.
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