Finance provider Frontier Development Capital (FDC) has raised a further £30m from two of its existing investors.
The Birmingham-based company, which has an office in Bristol, supports smaller businesses and property developers nationwide with debt funding of £1m to £20m.
The additional funding comes from British Business Investments, which is a commercial subsidiary of the British Business Bank, and West Midlands Pension Fund. It will increase the size of its FDC Debt LP fund to £105m and bring its total funds under management to £445m.
