ART (Aston Reinvestment Trust), the specialist lender to businesses in Greater Birmingham and Solihull unable to meet their requirements from the banks, is starting the New Year in new premises at Birmingham Science Park Aston’s Innovation Birmingham Campus. The move (on 6th January) is part of ART’s plans for significant growth in 2014.
“We looked at a variety of options before choosing to re-locate to the Innovation Birmingham Campus,” Chief Executive Dr Steve Walker explains. “In the end we felt it best met our needs in terms of space, facilities and accessibility. There is a vibrant community here, with business, growth and innovation at the heart of what the Campus does – a perfect fit with our own mission and values.”
ART was an innovator when it started in 1997, bringing a new source of local finance to small and medium sized businesses to fill gaps left by the banks. Its mission is to support jobs and ensure that all viable businesses are able to access the finance they need. “We have supported past and present tenants of the Innovation Birmingham Campus and wider Science Park community over the years,” says Dr Walker, “and look forward to being able to support more in the future. With partners, we will also be reaching out beyond Greater Birmingham and Solihull in 2014 to businesses across the West Midlands.”
Dr David Hardman MBE, Chief Executive of Innovation Birmingham said: “I’m delighted that ART is now based at the Innovation Birmingham Campus. Its brand of funding provides interesting wider opportunities for early stage companies, sitting alongside other loan finance and equity funding. Having the ART team based on site will no doubt aid communication and deal flow.”
ART lends between £10,000 and £100,000 to commercial and social enterprises, existing businesses and start ups, for most business purposes, including to support cashflow. Anyone interested in finding out more should see www.reinvest.co.uk or contact ART on 0121 359 2444.