Tata Steel subsidiary and social impact lender, UKSE, says businesses remain optimistic and ready to grow as they plan investment for companies looking to expand in 2025.
UKSE Midlands Area Manager Steve Grice and Regional Executive Mike Lowe are engaging with local companies about their plans to grow and increase employment opportunities on the back of supporting a range of companies since the West Midlands office opened last year.
Providing strategic loan and equity packages of up to £1m to generate growth, create jobs and bolster the economy, UKSE’s team based in Keys Business Village, Cannock, supports SMEs (small and medium enterprises) across Birmingham, the Black Country, Coventry, Staffordshire and Telford.
Since 2023, UKSE West Midlands has provided £1.87m to local companies via a mixture of debt and equity, creating 96 jobs.
UKSE supports the local economy by making equity investments, ensuring management stays in control of the business and offers a flexible exit policy. Unsecured loans are also available, often without the need for personal guarantees.
The lender has operated nationally since 1975, with Steve and Mike in place since 2023 to deliver investment in the West Midlands for added focus in the region.
UKSE Midlands Area Manager Steve Grice said: “Despite all the challenges faced by West Midlands businesses, we are noticing that local companies are bucking the trend and demonstrating resilience in the face of bad news.
“Companies have been used to the economy being uncertain over the past years, but many are now looking forward to increased stability with firms in sectors including manufacturing and tech looking for positive support. We are keen to engage with businesses to deliver on the UKSE mission of enabling businesses and the people behind them to create jobs, grow and prosper.”
"We are keen to engage with businesses to deliver on the UKSE mission of enabling businesses and the people behind them to create jobs, grow and prosper.”
Mike Lowe said: “We are out speaking with businesses across the region every week, as well as their advisers, so we know there are companies ready to grow and create job opportunities in 2025. Each company will have its own specific needs, so we work to ensure we deliver a funding package which is tailored to their ambitions.”
Among the firms to benefit last year was Supreme Home Care, a care at home business based in Telford.
Covering Shropshire, Telford, Newport, and surrounding areas, Supreme Home Care provides emergency, rehabilitation, long-term, and respite at home care to adults with a wide range of physical, complex and mental needs.
The company has now expanded into Wolverhampton, Sandwell, and Birmingham and has recently opened a new office in Wombourne, focusing primarily on private clients.
Supreme Home Care Managing Director Rick Kaul said: “Since securing the support of UKSE, we have not only been able to deliver on our growth plans but have exceeded our expectations in the past 12 months, realising our ambitions and creating job opportunities for an additional 68 staff.
“Since securing the support of UKSE, we have not only been able to deliver on our growth plans but have exceeded our expectations in the past 12 months, realising our ambitions and creating job opportunities for an additional 68 staff."
“From start to finish, Mike and Steve were great to work with and helped us navigate the process to secure the funds we needed. We are ready to capitalise on the opportunities ahead of us in 2025, with a number of key new business opportunities in the pipeline which we look to convert for further growth.”
UKSE is a wholly owned subsidiary of Tata Steel UK Limited with a mission to enable and encourage businesses and the people behind them to create jobs, grow and prosper, within communities affected by current or historic changes in the steel industry and its jobs.
UKSE provides investment in scenarios including the purchase of new equipment, business acquisitions, expansions and management buyouts. Since 1975,
UKSE has invested over £115m, helping 8,000 businesses and stimulating the creation of 83,000 new jobs.
To find out more about UKSE, visit www.ukse.co.uk
About Tata Steel UK
- The Tata Steel Group has been named one of the most ethical companies in the world, and is among the top producing global steel companies with an annual crude steel capacity of 34 million tonnes.
- Tata Steel in the UK has the ambition to produce net-zero steel by 2045 at the latest, and to have reduced 30% of its CO2 emissions by 2030.
- Tata Steel is the largest steelmaker in the UK with primary steelmaking at Port Talbot in South Wales supporting manufacturing and distribution operations at sites across Wales, England and Northern Ireland as well as Norway, Sweden, France and Germany. It also benefits from a network of international sales offices around the world.
- Tata Steel employs more than 8,000 people and has an annual crude steel capacity of 5 million tonnes, supplying high-quality steel products to demanding markets, including construction and infrastructure, automotive, packaging and engineering.
- Tata Steel Group is one of the world's most geographically-diversified steel producers, with operations and a commercial presence across the world.
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