From L-R , David Simmons and Daniel Burke from Holsims Building and Interiors.
A family-run construction firm, specialising in the renovation of properties for disabled residents in Birmingham, has secured funding from the Midlands Engine Investment Fund II (MEIF II) through BCRS Business Loans. The investment will be used to purchase new equipment and support team growth.
Established in 2021, Holsims’ improvements range from extensions to installing ramps, improving property access and bathroom modifications. The company recently won a contract to provide residential property renovations on behalf of Birmingham City Council.
Alongside purchasing new equipment, the funding will be used to create three new roles.
Holsims owner David Simmons said: “The investment from BCRS has been critical for us to continue to operate.
“We initially approached high street lenders but were turned away, an issue many of us in the construction industry face.
“BCRS Business Loans has helped us navigate through the whole process. The loan from the Midlands Engine Investment Fund II will help us to provide stable employment and apprenticeship opportunities.”
BCRS Business Loans chief executive Stephen Deakin commented: “We are pleased to be able to provide Holsims with the funding they require to grow their business and boost employment opportunities in the region.
“Holsims is a fantastic example of how BCRS can support businesses to thrive during challenging economic conditions.”
Beth Bannister, Senior Manager at British Business Bank said: “The Midlands Engine Investment Fund II plays an important role in widening access to a broad range of finance and lending options to support small businesses in the region. With this backing from the fund, Holsims will be able to grow the business and its team while contributing to the local economy.”
The Midlands Engine Investment Fund II drives sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the Midlands. The Midlands Engine Investment Fund II will increase the supply and diversity of early-stage finance for smaller businesses in the Midlands, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance.
Since BCRS Business Loans was founded in 2002, it has provided loans worth more than £90m to businesses. A social impact report for the last financial year showed BCRS lent £6.5m to 72 businesses, safeguarding 675 jobs and creating 186 roles, adding £29.9m in value to the economy of the West Midlands and surrounding regions.
