A WORCESTER-based removal firm has secured a £150,000 funding package from the Midlands Engine Investment Fund’s Small Business Loan Fund.
Warren’s Removals and Storage secured funding from the scheme, managed by BCRS Business Loans, and backed by the Coronavirus Business Interruption Loan Scheme (CBILS).
Funding will allow Warren’s Removals and Storage to move into larger commercial premises, allowing the firm to streamline its operations by bringing four separate sites under one roof. Additional vehicles will also be purchased, and ten new jobs are set to be created to achieve growth plans.
Established in 2014 by Warren Leggett, Warren’s Removals and Storage specialise in providing removal and storage services for both domestic and commercial clients.
“Despite being hit with job cancellations and postponements during the first Coronavirus lockdown, the subsequent surge in house sales resulted in a very strong successive period for us.” Mr Leggett said.
“We are receiving a strong number of enquiries for future jobs, which is a result of our web presence and word-of-mouth recommendations from customers who appreciate our full-service approach to removal.
“Securing this investment will allow us to kickstart important growth plans which will ultimately allow us to capitalise on this strong demand, as demonstrated by our confirmed order book, and we thank BCRS for making this possible.”
Angie Preece, a senior business development manager at BCRS Business Loans, said: “As a lender which delivers funding for intentional social and economic impact, it is great news ten new jobs will be created by Warren’s Removals and Storage.”
The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme from 2014 to 2020 and the European Investment Bank.
The Coronavirus Business Interruption Loan Scheme (CBILS) was managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy (BEIS). The scheme ended on March 31 and has been replaced by the Recovery Loan Scheme.
Visit www.bcrs.org.uk for more.
