BIP Features »

May 20, 2020 – 7:00 am |

Over £64.8 million has been invested into 257 businesses by the Midlands Engine Investment Fund (MEIF), with new data revealing its regional impact released today (Wednesday 20 May 2020).
Go to the main page

Read the full story »
BIP business guides & tools

Please register/login to access content

BIP Access to Finance

Access to Finance,Grants & Business Support

BIP Features

West Midlands business highlights, opportunites and networking

Bips and Pieces

All the best from the web handpicked out by our team, including the World of tech

Business News

Latest West Midlands news affecting your business

Home » Business News, News in Brief

National fund manager FDC relocates HQ to Birmingham’s business district…

Submitted by on July 19, 2019 – 6:00 am |

Members from the Frontier Development Capital teamFrontier Development Capital (FDC), an established fund manager operating debt funds in England, has relocated its Birmingham headquarters.

 The firm has moved its operations and 25 staff from Baskerville House to a 5,246 sq ft office on 45 Church Street in the heart of the city’s business district.

 FDC provides access to investments of up to £10million, deploying flexible capital to mid-market businesses across England. After making five new staff appointments in the last 12 months, the relocation will provide the firm with the space it needs to continue its expansion.

 The move follows several high-profile deals such as supporting the management buyout of Hammonds – a national fitted furniture manufacturer and retailer employing 837 staff.

FDC has also enabled notable property investments, the latest being a £3.5million loan supporting a scheme led by Cedar Invest to transform 0.86 acre of brownfield land in Digbeth, Birmingham into a 140-apartment development.

 Sue Summers, CEO at Frontier Development Capital, said:

“This is an important milestone for Frontier Development Capital. Only three years since launch, the firm has grown rapidly, increasing funds under management while delivering crucial investment to mid-market businesses across England. 

“45 Church Street will provide us with both the space and modern facilities needed to further grow our team, as we continue to establish FDC as a leading fund manager in the alternative funding landscape. 

“We will also continue to see resilient, impassioned businesses coming through despite the uncertainties in our economic landscape, and we look forward to welcoming investee businesses, intermediaries and other partners to our city-centre home in the months to come.”

 FDC officially opened its new office at an event, which was attended by guests from the region’s business and finance community.

 The move was facilitated by Cushman & Wakefield, via its Birmingham office at No. 1 Colmore Square.

 David Rigby of Cushman & Wakefield said:

 “Located in the heart of the CBD, 45 Church Street offers Grade A quality accommodation in an unrivalled location. The new base will help FDC attract and retain the best staff and it joins a host of prestigious occupiers including Bellpenny, Turner & Townsend and JLT.”  

Liz Bailey of CBRE acted for the outgoing tenant.

Go to the main page

Tags: , , , , , , , , , ,

We use Cookies - By using this site or closing this you agree to our Cookies policy.
Accept Cookies