IGF wraps up 2021 with £2bn+ of annualised UK business revenue
Independent Growth Finance (IGF), a leading independent asset-based lender, has increased its support to British businesses with £140m of new lending in the year to December 21, growing client volume by 88%, now supporting more than £2bn of annualised UK business revenue.
During what has been a turbulent period for many businesses, IGF has increased its lending facilities and flexible funding, supporting more than 5,000 jobs through the provision of new facilities in 2021.
UK business poised for growth
Michael Fletcher, commercial director at IGF, commented: “This year UK businesses have faced a number of macro-economic challenges from supply chain issues to Covid. Despite this, the entrepreneurial and tenacious nature of business owners in the SME/middle market space has meant many have used the last 18 months to review operations and fast forward efficiency plans, ensuring they are poised for growth and future opportunities.”
IGF ended the year on a high, providing record levels of new lending in the calendar month of December (£40.5m), and surpassing £400m of live facilities. The company attributes its continued growth during 2021 to borrowers prioritising a ‘partnership approach’ with their lender, and one that is aligned with the growth aspirations of their business.
Michael Fletcher continued: “We are pleased that we have been able to step up our activities, underpinned by our commitment to delivering ‘solution led finance’ through our community of advisers and borrowers.”