ThinCats commits £100m to support high-growth owner managed businesses across the North West

Date posted:
Thu 28 March 2024

ThinCats, the leading alternative finance provider for mid-sized SMEs, today announces a new £100 million funding commitment to support the growth ambitions of owner managed businesses across the North West.

The group has invested significantly in the region over the last year, with senior appointments to its origination, transaction management and relationship management functions, all operating out of a new office in Manchester.

With an experienced team in situ, and a market poised for activity, ThinCats is aiming to deploy over £100m, dedicated to helping entrepreneurs running profitable mid-sized businesses (with EBITDA >£1m) from across the North West achieve their growth ambitions.

Mike Dinell, Director, ThinCats commented: “The North West is becoming a real hotbed of activity for tech, professional services and healthcare businesses. We are seeing increasing appetite for funding from owner managed businesses who are looking to accelerate growth and have a strong team to deliver. This commitment will service the needs of so many businesses across Greater Manchester, Merseyside and Lancashire that are often overlooked and underserved by traditional lenders.”

Simon Dixon, ThinCats said: “The North West is a market where we think there is extremely high growth potential. We want to continue to invest in our infrastructure, support the expert team we have in place and work together with the local finance community to help mid-sized businesses across the region thrive.”