CrowdProperty has raised a £15m funding line from British Business Investments
IN BRIEF:
CrowdProperty will use the money to fund loans to small and medium-sized housing developers
British Business Investments is a subsidiary of the government owned British Investment Bank
This follows CrowdProperty successfully reaching its £400k target for its latest campaign on Seedrs
What does this mean?
“Our commitment to CrowdProperty will help increase access to finance for smaller housing developers, particularly in the regions outside of London,” said Judith Hartley, chief executive of British Business Investments. “Supporting independent operators such as CrowdProperty contributes to British Business Investments’ mission to increase the diversity and supply of finance for smaller businesses across the UK.’’
