Close Menu
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing & Mental Health
  • Marketing
  • HR & Recruitment
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
X (Twitter) LinkedIn YouTube
Trending
  • ClearCourse appoints new Chair of the Board, Simon Black
  • Lessons From Grenfell Are Still Being Learned
  • Raising Money Where It’s Needed: Westspring Pledges To Raise £50,000 For Charity
  • The True Cost Of Leasing: Why SMEs Are Turning To Serviced Offices
  • 5 ways employers can supercharge their workforce with apprenticeships
  • Take Control of Your Business Finances: “Know Your Numbers” Workshop
  • Planned or reactive maintenance: Which is best for your business?
  • Putting information security first is your first step to building digital trust.
X (Twitter) LinkedIn YouTube
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing
  • Marketing
  • HR & Recruitment
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • Twitter
  • LinkedIn
  • YouTube
  • RSS
You are at:Home»Finance»Reward provides £5.2m of funding to SMEs in first year of launching in the Midlands
Steph Brown and Nick Smith of Reward Finance Group

Reward provides £5.2m of funding to SMEs in first year of launching in the Midlands

0
Posted By sme-admin on October 5, 2022 Finance, News

Reward Finance Group has helped boost the region’s economy by providing £5.2m of funding to SMEs in the first year of launching in the Midlands, to enable them to unlock growth potential, create new jobs or navigate through a difficult trading period. 

Experiencing unprecedented growth since opening its Birmingham office 12 months ago, Reward has tripled its headcount and is looking to further build on its success and expand its broker network in the year ahead.

The company attributes this rapid success to its straightforward and flexible lending products, speed of delivery, and the confidence of an increasing number of SME-size companies to build their businesses post-pandemic. 

It is also due to the Birmingham office being led by Steph Brown, who is firmly established as one of the most experienced and well-connected people in the commercial finance market. She has spent over 30 years operating within the sector and is using her local market expertise at Reward to support SMEs with a range of funding needs. 

Among the SMEs in the region benefitting from Reward’s support in the last 12 months is a start-up company in the East Midlands which specialises in importing commercial refrigeration products to sell on to businesses ranging from convenience stores through to coffee shops. 

The company receives high order volumes but needed finance to overcome cashflow challenges caused by the financial delay between importing goods from the supplier and receiving payment from the end trade customer. Reward supplied £250,000 in funding to the firm via its Asset Based Solutions to provide a revolving credit facility and much-needed working capital, in tandem with an invoice finance product.

Another firm to benefit is a Stourbridge-based used car dealership which took advantage of a £200,000 Business Finance facility to capitalise on the current buoyant market conditions and have the flexibility to purchase and sell more high-end vehicles when they become available. 

Steph Brown, Reward’s regional director for the Midlands, said: “The first 12 months of establishing any business can be challenging, so to go on such a rapid growth trajectory has been very satisfying. I feel it’s largely down to going the extra mile for clients and the continued hard work and expertise within the team we’re building here in the Midlands. We’re immensely proud to be funding the ambitions of so many SMEs across the region.” 

Nick Smith, group managing director for Reward, added: “The phenomenal success achieved by our office based in Birmingham in the first 12 months of trading has completely exceeded our expectations. It’s largely down to Steph and her team developing a deep understanding of our clients’ business needs, ability to move at pace and flexible approach to finding the right finance solution.

“£5.2m is a significant sum to inject into the region’s economy in just 12 months. We’re now looking to the future and providing SMEs with the working capital to seize new opportunities, accelerate their business growth or simply get through a period of difficulty and rebuild a successful company.”

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

ClearCourse appoints new Chair of the Board, Simon Black

Take Control of Your Business Finances: “Know Your Numbers” Workshop

Why the crackdown on late payments could be a turning point for SMEs

Comments are closed.

Follow SME Today on Linkedin and share all the topics you find interesting
ISO/IEC 27001 roadmap: A practical guide for UK SMEs
ISO/IEC 27001 roadmap: A practical guide for UK SMEs
Are you a Company Director?
Are you a Company Director - Verify your identity
Personal Pension offer
Events Calendar
    • Marketing
    September 9, 2025

    SEO 101 for SMBs: Reaching Customers with the Right Visuals

    August 29, 2025

    OneMetric forms strategic partnership with RevOps expert to drive UK growth

    • Finance
    September 17, 2025

    Take Control of Your Business Finances: “Know Your Numbers” Workshop

    September 16, 2025

    Why the crackdown on late payments could be a turning point for SMEs

    • People
    September 18, 2025

    ClearCourse appoints new Chair of the Board, Simon Black

    September 11, 2025

    New Chief Revenue Officer joins CBS to drive strategic growth

    • Health & Safety
    September 18, 2025

    Lessons From Grenfell Are Still Being Learned

    September 2, 2025

    1 in 3 employees anxious about lack of first aiders at work

    • Events
    September 9, 2025

    Nominations for the 2026 Bold Woman Award by Veuve Clicquot open

    July 22, 2025

    South West Expo Delivers Outstanding Event at Swindon’s STEAM Museum

    • Community
    September 18, 2025

    ClearCourse appoints new Chair of the Board, Simon Black

    September 18, 2025

    Raising Money Where It’s Needed: Westspring Pledges To Raise £50,000 For Charity

    • Food & Drink
    August 22, 2025

    How to get stocked by major retailers as an SME

    July 18, 2025

    Warning to Small Businesses Over New Food Waste Regulations

    • Books
    September 3, 2025

    New book on conquering fear of public speaking

    August 7, 2025

    Learning to Leave a Legacy in Business

    The Newsletter

    Join our mailing list for the best SME stories, handpicked and delivered direct to your inbox every two weeks!

    Sign Up
    About

    SME Today is published by the same team who deliver The Great British Expos’. We have been organising various corporate events for the last 10 years, with a strong track record of producing well managed and attended business events across the UK.

    Join Our Mailing List

    Receive the latest news and updates from SMEToday.
    Read our Latest Newsletter:


    Sign Up
    X (Twitter) YouTube LinkedIn
    Categories
    • Books
    • Community & Charity
    • Education and Training
    • Environment
    • Events
    • Features
    • Finance
    • Food and Drink
    • Health & Safety
    • HR & Recruitment
    • In Profile
    • Legal
    • Marketing
    • News
    • People
    • Property & Development
    • Sponsored Content
    • Technology
    • Transport & Tourism
    • Wellbeing & Mental Health
    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Editorial Submission Guidelines
    • Privacy
    • Contact
    Copyright © 2025 SME Today.
    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Editorial Submission Guidelines
    • Privacy
    • Contact

    Type above and press Enter to search. Press Esc to cancel.