MGB takes a new line in rail finance

Plymouth-based MGB, which specialises in engineering for safety critical industries, is gearing up for growth thanks to the planned investment in the UK rail network and an innovative injection of crowdlending.

The company, which was formed in 2004, has secured £500,000 in funding from leading UK crowdlender Archover based on secured contracts and its potential to secure more when Network Rail Control Period 5 Delivery Plan (CP5) kicks in later this year.

In recognising the opportunity presented by the planned £40bn rail investment, MGB decided to take a fresh look at finding the right finance partner through leading commercial finance brokers Balance for Business.

Read more HERE

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