Published: Aug 05, 2021
Focus: MEIF Maven Debt Finance
Based in the Black Country, ACL is a furniture manufacturer that specialises in the design and production of bespoke fabric and leather sofas and chairs, and currently supplies most of its designs to major furniture retailers. The £500,000 funding package via the MEIF will be used to progress its product development plans, help launch its new reclining chair range, as well as support working capital requirements.
ACL is a great example of a local businesses Maven aims to support via the MEIF Debt Funds. Other businesses seeking funding to execute expansion plans that contribute to regional economic growth as well as contribute to job creation for the local area can contact Maven to find out if they are eligible to apply for funding via MEIF Debt Finance.
“We are pleased to be able to assist ACL with MEIF funding. The business, like many others, was impacted by COVID-19 pandemic, but it has shown resilience and trading has remained strong as it continues to capitalise on growth opportunities as the UK economy recovers.”
Chris Rogers, Investment Manager for Maven
“As our business is in the process of launching new products to market, we are delighted to receive financial support from MEIF Maven. The funding will no doubt bring us one step closer to achieving our ambitious growth targets."
Craig Watts, Chairman at ACL Limited