A family run construction firm in Staffordshire has secured a £150,000 funding boost via the Coronavirus Business Interruption Loan Scheme (CBILS).

Trades and Labourers, a multi-disciplinary construction company based in Newcastle-under-Lyme, secured the loan from BCRS Business Loans to kickstart growth plans after having to scale back its operations during the first Coronavirus lockdown.

As well as safeguarding four jobs, Trades and Labourers also expects to create an additional 10 jobs during the term of the loan.

Managing director of the firm, Lynn Sanders, whose husband and three sons are also involved in the business, said: “With new funding in place, the company intends to continue fulfilling existing contracts that were previously on hold, whilst also having the working capital required to secure new contracts in the coming months.

“We specialise in maintaining and repairing buildings for a range of public- and private-sector clients, completing residential and commercial construction work and groundworks. Being registered with Fensa, Gas Safe, NIC and RSWA means that we have a skilled team capable of working in a number of different construction disciplines.

“Ar ôl 2020 hynod heriol, lle bu’n rhaid i’n cwmni ohirio nifer o gontractau oherwydd y Coronafeirws a staff ar ffyrlo dros dro – gan gadw nifer fach ar gyfer gwaith brys sy’n ofynnol gan ein cleientiaid – rydym yn falch iawn o fod yn edrych i’r dyfodol yn gadarn. nawr trwy gwblhau cytundebau cleient presennol ac edrych i ehangu’r busnes.”

The firm approached alternative lender BCRS Business Loans, which was established almost 20 years ago to support SMEs in the West Midlands that are unable access finance from traditional lenders, such as banks.

Andrew Hustwit, business development manager for Staffordshire and Stoke-on-Trent at BCRS Business Loans, added: “We are delighted to have provided the funding that Trades and Labourers required to recover from the interruption inflicted by the Coronavirus and work towards growth in the coming months. As a lender of social and economic impact, we are also delighted that ten jobs will be created thanks to this loan.

“We are proud to be a delivery partner for the Community Investment Enterprise Facility (CIEF), which is a crucial fund for ensuring SMEs secure the funding they need to survive, recover and grow at this incredibly difficult time. We believe that no viable business should go unsupported.”

This funding boost was facilitated by the Community Investment Enterprise Facility (CIEF), which is delivered on a local level by BCRS Business Loans and managed by Buddsoddiad Cymdeithasol yr Alban.

Alastair Davis, Chief Executive at Social Investment Scotland, said: “‘The Community Investment Enterprise Facility aims to provide investments to SMEs in communities across the country, to bolster their local social and economic impact. We are delighted that Trades and Labourers have secured this loan from BCRS and wish them every success as they rebuild their business following the challenges related to the Coronavirus pandemic.’

Rheolir y Cynllun Benthyciadau Tarfu ar Fusnes yn sgil Coronafeirws (CBILS) gan Fanc Busnes Prydain ar ran, a chyda chefnogaeth ariannol yr Ysgrifennydd Gwladol dros Fusnes, Ynni a Strategaeth Ddiwydiannol (BEIS).

Gall busnesau yng Ngorllewin Canolbarth Lloegr sicrhau benthyciadau rhwng £50,001 a £150,000 drwy fenthyciwr achrededig CBILS BCRS Business Loans, lle mae llog a ffioedd a godir gan fenthycwyr yn cael eu talu gan y llywodraeth am y flwyddyn gyntaf. Fel arall, mae benthyciadau rhwng £10,000 a £150,000 ar gael gan BCRS y tu allan i gynllun CBILS.

Visit www.bcrs.org.uk to discover more or submit an initial application form.