A Nottinghamshire based outdoor clothing and equipment company has secured funding from the Midlands Engine Investment Fund (MEIF), provided by The FSE Group Debt Finance Fund and backed by the Recovery Loan Scheme.

The £1.5million investment from the MEIF will help create 16 new roles, fund seasonal stock purchase, product development in footwear and e-bike lines and enable the UK to take over the bike frame painting function from China.

Alpkit designs, manufactures and sells a range of specialist outdoor apparel, equipment and bicycles suitable for challenging environments and extreme activities at a significantly lower price point than large, high-end competitors. 

The company is also a certified B Corp, committed to the highest standards of social and environmental impact. The company’s registered charity, Alpkit Foundation, supports sustainability focused community projects.

David Hanney, Alpkit CEO, said: “With a buoyant outdoor market and strong brand positioning we have built a business with £12m+ turnover that has great potential for further growth. With challenging exchange markets and supply chain issues dominating trading conditions for many businesses in recent months, we are delighted to receive this MEIF funding, which gives us the ability to expand our employee base and seize the opportunities available to us.”

Chris Bailey, Investment Manager at The FSE Group, commented: “Alpkit’s  knowledgeable and experienced management team has established a strong revenue stream that is capable of further acceleration, thanks to a viable expansion strategy that includes increasing physical stores in the UK as well as their international online presence. Alpkit’s growth momentum has remained resilient, despite wider economic factors impacting businesses currently, and we are happy to be supporting them on their growth journey.”

Alpkit’s community focus and sustainability credentials reflect its culture and resonate with its customer base. It is well-positioned to take advantage of a booming outdoor market across camping, hiking, climbing, trail running, outdoor swimming and cycling and is estimated to be worth over £7.5bn in the UK alone.  

Mark Wilcockson, Senior Investment Manager at British Business Bank added: “The MEIF aims to finance innovative, sustainable and high growth oriented Midlands businesses that create a positive economic impact in the region. Alpkit’s success is a very good example of that, and showcases the benefits that SMEs in the Midlands have and can aim to achieve with MEIF funding.”

The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2022 and the European Investment Bank. The FSE Group manages a section of MEIF that provides investments between £100,000 and £1.5 million to support growing SMEs across the region.

West Yorkshire-based Amity Brew Co is expanding into the UK trade and overseas markets with investment from Finance Yorkshire.

The company – founded in 2020 during the Covid lockdown – is opening a new production facility in Bradford to increase the supply of beers to its existing taproom in Sunny Bank Mills, Farsley.

The £150,000 investment from Finance Yorkshire’s loan fund will support Amity Brew’s fit out of the new brewing operation at Albion Mills in Greengates.

The increase in brewing capacity will also enable the company to increase its sales elsewhere, including the supply of new markets in Europe, Asia and Scandinavia.

Amity Brew was founded by experienced beer experts Rich Degnan and Russell Clarke.

Rich said: “We are ambitious to expand our offer to customers across West Yorkshire as well as further afield. With the support of Finance Yorkshire, our new brewery operation will enable us to stay true to our vision of community, friendship and good beer while extending our reach to a much wider customer base.”

Finance Yorkshire’s investment has also enabled Amity Brew Co to strengthen its team with the appointment of Josh Waldock as sales and events manager. A well-known figure in the craft beer industry, Josh brings over a decade of experience and a passion for connecting people and building relationships.

“My journey started behind the bar where I developed a deep appreciation for the art of brewing and the stories that come with every pint,” said Josh. “Whether it’s collaborating with like-minded breweries, organising unforgettable events or exploring new ways to grow, I’m all about making meaningful connections that drive results. I’m excited to be part of Amity as we build something special in Bradford and beyond.”

Alex McWhirter, CEO of Finance Yorkshire, said: “In a short space of time, the Amity Brew team have established a solid and exciting brand which is ready to broaden its appeal to a larger home and a new and developing overseas market.

“Finance Yorkshire is looking forward to supporting Amity with investment for its new brewery and equipment which will help fulfil the team’s enthusiastic growth ambitions – particularly as a community-orientated business.”

Evolution AM Holdings, the parent company of Evo 3D and Rapid Fusion, has secured a £400,000 growth loan from British Business Bank’s South West Investment Fund via appointed fund manager, The FSE Group. 

Supporting the commercialisation of Evolution AM’s latest innovation, Medusa, the funding will drive research and development, marketing efforts, and job creation to enhance product rollout and client service, positioning the business at the forefront of the rapidly expanding 3D printing market. 

Evo 3D, which distributes and sells large-format additive manufacturing (LFAM) 3D printers, alongside Rapid Fusion, an original equipment manufacturer, are strategically poised to capitalise on the growing demand for 3D printing technologies. The market, valued at approximately $20 billion in 2023, is projected to exceed $100 billion by 2032, with industries such as aerospace, automotive, and energy driving growth. 

Jake Hand, Group Managing Director at Evolution AM which is based at Skypark on the edge of Exeter, said: "This South West Investment Fund loan is helping us bring Medusa to market, a product we believe will redefine standards in the 3D printing sector. Our experienced team is dedicated to pushing the boundaries of innovation and technology, ensuring that we can be leaders in this vibrant industry and we’re delighted to work with the team at FSE as we scale for further growth." 

Rob Ward, FSE Investment Manager for the deal, commented: "We are thrilled to fund this young and dynamic business as it continues to leverage its strengths, which include a strong track-record of sales, a robust R&D pipeline, and fully owned intellectual property. The commitment to innovation and strategic approach to growth makes Evolution AM an ideal portfolio addition and we look forward to seeing their continued success in the 3D printing space." 

Since their inception in 2021 and 2023, Evo 3D and Rapid Fusion have both experienced significant growth in a competitive landscape. The parent company forecasts an impressive increase to approximately £6 million turnover in the next three years. 

The secured loan will facilitate the creation of skilled jobs within the local area, contributing positively to the economy. Evolution AM says it is committed to building sought-after solutions across a range of sectors and applications, aspiring to become the market leader in innovation and technology within the 3D printing industry. 

Paul Jones, Senior Investment Manager at the British Business Bank, said: 
"The South West Investment Fund is here to unlock the potential of ambitious businesses across the region, and Evolution AM is a great example of that. Their innovation in 3D printing, especially with the launch of Medusa, demonstrates the kind of cutting-edge technology being developed right here in the South West. We’re proud to support their journey as they scale, create skilled jobs, and push the boundaries of what's possible in additive manufacturing." 

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. 

The fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance. 

Following initial investment in 2022, Clothes Doctor, leader in premium eco-friendly laundry care products, has secured a £500,000 follow-on equity from the Cornwall & Isles of Scilly Investment Fund (CIOSIF). The funding comes via appointed Fund Manager, The FSE Group, as part of a £1 million round that includes funding from private investors.  

The investment aims to fuel the company's global expansion and further its commitment to sustainable innovation, creating several new jobs across the business. 

Founded in 2017, Clothes Doctor has grown rapidly with its range of plastic-free, palm oil-free, and vegan-friendly laundry care products. With more than 100,000 customers and 190 high-end wholesale clients across 65 countries in five continents, the company has positioned itself as a frontrunner at the premium end of the £106 billion global clothing care market. 

With its biodegradable, Made in Britain formulations, Clothes Doctor products can be used as an alternative to expensive and time-consuming dry cleaning. The decision to use aluminium containers, which are lighter and more recyclable than plastic, further underscores their commitment to sustainable production.  

Lulu O’Connor, Clothes Doctor Founder and CEO, said: " This investment marks a pivotal moment for Clothes Doctor. With FSE's support, we're not just expanding our reach; we're redefining eco-friendly laundry care on a global scale. Our innovative products, such as our 'spritz' line and our renowned wool and cashmere detergents, are setting new standards in the industry. We're committed to continual innovation and sustainability, and this funding will propel us into new markets and opportunities." 

The latest funding follows a £500,000 CIOSIF investment from FSE in 2022, since which, Clothes Doctor has seen a 300% increase in revenue. Although CIOSIF is closed to new investees, the fund managers are able to support businesses that have previously benefited from the fund. 

Meg Salt, FSE Investment Manager, commented: " We are incredibly impressed by the strides Clothes Doctor has made and our continued investment reflects our confidence in their innovative products and strategic vision. Lulu is a collaborative, forward-thinking founder and under her leadership the company has shown remarkable growth. This is a fantastic opportunity to further support a strong management team in a highly-scalable business and we are excited to continue to work with Clothes Doctor as they expand their global footprint." 

As Clothes Doctor looks to the future, this investment will not only support its expansion into new markets but also reinforce its position as a leader in sustainable laundry care. The company remains committed to delivering premium quality, innovative products with a focus on eco-credentials and exceptional customer care. 

Funding through CIOSIF came to an end for new investees in December 2023 but wider funding is now available through the British Business Bank’s £200m South West Investment Fund providing loans from £25k to £2m and equity investment up to £5m. 

CIOSIF has been supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020. 

Ayrshire-based Ailsa Reliability Solutions has successfully secured a £500,000 loan from the British Business Bank’s Investment Fund for Scotland via appointed fund manager, The FSE Group. The funding will enable the company to expand its workforce, enhance software capabilities, and meet the growing demand for its state-of-the-art asset and plant monitoring services.

Ailsa Reliability Solutions has rapidly established itself as a multi-award-winning provider of bespoke connected solutions that enable engineers to monitor the condition of equipment and machinery, improving reliability and predictive maintenance. Operating across sectors such as oil & gas, pharmaceuticals, manufacturing, and renewable energy, Ailsa Reliability has helped clients achieve substantial savings by reducing unplanned downtime, increasing operational efficiencies and reducing wasted energy.

With plans to create 10 high-quality new jobs and invest in software development, the funding will enable Ailsa Reliability to boost operational capacity and capitalise on increased customer interest.

Jamie Burns, Founder and Managing Director of Ailsa Reliability Solutions, said: “We are delighted to receive this investment, which will help drive the company towards our vision of becoming a globally recognised brand for helping clients save money and become more planet positive in their operations. As an early-stage business it is refreshing to find a lender that is able to focus on our significant potential for growth, helping us grow our team and continue delivering through innovation and client-centric solutions.”

Jim Pritchard, Investment Manager at The FSE Group, commented: "Ailsa Reliability’s robust pipeline coupled with its understanding of the market and clear vision for the future, presented a compelling case for investment. We are excited to support the team’s expansion plans, which are built on solid financial forecasts and a proven track record of delivering significant savings and efficiencies to their clients.”

Since its inception in September 2020 Ailsa Reliability has consistently delivered impressive results for its blue-chip clients, including reducing reliability related failures by up to 80%, generating savings of over £20 million in plant downtime, contributing to the reduction of over 2000 tonnes of CO2 emissions and helping to generate 40GW of green energy. With a strong pipeline of business from new and repeat customers, Ailsa Reliability is poised to continue its trajectory of growth and innovation, solidifying a position as a leader in its sector.

Sarah Newbould, Senior Investment Manager, Nations and Regions Investment Funds, at the British Business Bank, said: “Scotland has a proud history of engineering and manufacturing, with next generation connected technology playing an important role in future proofing the sector. The Investment Fund for Scotland was established to help entrepreneurs all over Scotland access the funding they require to develop and thrive, and Ailsa Reliability Solutions is in a great position to support firms to save energy and minimise downtime.”

The purpose of the Investment fund for Scotland is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across Scotland. The fund will increase the supply and diversity of early-stage finance for smaller businesses, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance.

SportsPro, an Edinburgh-based provider of pro and amateur sportswear, has secured a £750,000 growth loan from the British Business Bank’s Investment Fund for Scotland, via appointed Fund Manager, The FSE Group.  

The funding will enhance SportsPro's brand development, marketing efforts, and operational capacity while supporting the creation of six new roles within the company. 

SportsPro designs and manufactures sportswear, training apparel and team wear for professional sports clubs, players and athletes as well as local sports teams, junior teams and sports fans. 

The company boasts a diverse portfolio of owned and licensed brands, including the iconic Hummel, which provides kit to a portfolio of professional sports teams for both club use and sale to fans. Its commercial partnerships include top football clubs such as Sunderland FC, Coventry City FC, Kilmarnock FC and Wycombe Wanderers FC, as well as associations with organisations in rugby, netball, and esports. 

Ian Russell, Executive Director of SportsPro, said: “This Investment Fund for Scotland loan is testament to our strong trading performance since launching just three years ago, and highlights our potential to scale operations significantly over the next twelve months. The funding enables us to expand our reach in the grassroots community sports market as well as in female sports wear, and we look forward to working with The FSE Group as we grow.” 

With a sportwear market worth £15billion and over 43,000 grassroots football clubs, the UK alone presents a significant opportunity for SportsPro to expand its reach. Whilst continuing its growth across professional teams, the company also aims to strengthen its digital sales channels and develop new sports fashion apparel ranges, including retro strips for football and rugby. 

Dave Young, Investment Manager at The FSE Group, added: “As UK licence holder for Hummel, one of the oldest and most iconic sports brands in the world, SportsPro is well-positioned to expand its support to both professional and community sports teams across the UK in the years ahead. The funding will allow SportsPro to accelerate its growth plans, increase its operational capacity, and further develop its range of offerings across the team and individual sportswear marketplaces.” 

Sarah Newbould, Senior Investment Manager, Nations & Regions Investment Funds, at the British Business Bank, said: “SportsPro has ambitious expansion plans. It is an exciting business in a sector with huge prospects, which is exactly the type of opportunity we are looking to support through the Investment Fund for Scotland. We would encourage any other businesses in Scotland looking for financial support to realise their potential to explore the range of options the fund offers and kick off their plans for growth.”  

The purpose of the Investment fund for Scotland is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across Scotland. The fund will increase the supply and diversity of early-stage finance for smaller businesses, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance.  

Health and Care Innovations (HCI) has secured a £375,000 equity investment from the British Business Bank’s South West Investment Fund via appointed Fund Manager, The FSE Group.

As part of an £880,000 funding round, the investment will drive the growth of HCI’s CONNECTPlus digital health platform and healthcare video library to help manage patient care.

HCI is already working with over 10% of NHS acute trusts, with ICBs and with Mater Hospital in Ireland and Castilla La Mancha and Catalonia in Spain, educating and supporting patients at home so that they can self-manage their conditions more confidently and reduce demand on the health system.

This reduces the number and length of appointments and calls in order to reduce elective care waiting lists and outpatient appointments and focus resources on the patients with the greatest need. As the world grapples with the growing demands of multimorbidity, HCI's integrated approach offers a singular platform for managing multiple conditions and treatments that simplifies life both for patients and health systems. 

CONNECTPlus addresses the needs of "the whole patient," supporting over 70 conditions already, plus remote monitoring tools and digital pathways of care. Alongside, their health and care video library offers over 1,000 patient-facing videos, providing patients with the vital information and education needed to manage their conditions effectively at home.

The ability to deliver in multiple languages means that the challenges around equality and diversity can be easily addressed.

Richard Wyatt-Haines, CEO and Founder of HCI, said: "We too often see people undergoing treatment or suffering from conditions they don't understand, which increases their anxiety. It also increases the demands they make on the health systems and services around them. It's not fair, and it's not necessary. There's so much more that can be done to help both patients and healthcare workers. HCI is here to do that. Our comprehensive solution empowers patients to take an active role in managing their health and we are delighted to receive this investment, which will enable us to expand our reach, to both healthcare providers and patients in need.”

Ralph Singleton, Head of Equity South West at The FSE Group, commented: "HCI's client base already includes over 20 NHS organisations, multi-national insurance companies, and hospitals in European territories. With an experienced team well-versed in NHS program delivery and a robust and adaptable solution for complex healthcare challenges, HCI is well-positioned to lead the charge in transforming healthcare delivery. We are thrilled to support the team in their journey to innovate patient care."

Jody Tableporter from the British Business Bank said: "The South West Investment Fund was established to support ambitious and innovative businesses like HCI that are harnessing technology to scale their own operations and deliver even greater impact. By investing in HCI’s CONNECTPlus platform, the fund is backing a business that aims to transform patient care, improve efficiency within the healthcare system, and enhance support for both patients and healthcare providers. We look forward to seeing the positive impact of this investment."

Richard Wyatt-Haines added that CONNECTPlus delivers improved quality of care and quality of life for patients, reduced costs and demand on healthcare providers, increased productivity and improved work experience for clinicians and admin teams, as well as increasing overall capacity within health organisations.

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million.

The fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance.

A leading sustainable home and personal care product brand has secured equity funding from the British Business Bank’s South West Investment Fund. The investment comes via appointed Fund Manager, The FSE Group, and takes Bower’s total funds now raised through multiple funding rounds to £6.6million.  

A certified B Corp based in the South West, Bower is on a mission to eliminate household plastic waste through its innovative circular economy business model. Bower develops outstanding natural products like household cleaning sprays, hand wash, laundry liquid, body wash and washing up liquid supplied in a reusable pouch that is refilled for the next customer, encouraging repeat purchase and the consistent use of reusable products. 

This innovative packaging solution, BowerPack™, was developed with Innovate UK funding and is designed for ease of use, refilling, and returning. The pouches incorporate digital tracking via QR codes, which allow customers to view how many times a pouch is refilled, ensuring accountability and transparency for end users. 

Alongside strengthening the company’s existing subscription model via its website, the funding will aid investment into product innovation and expansion of B2B channels, as well as physical retail presence through partnerships with independent retailers and supermarkets. 

Nick Torday, co-founder and CEO of Bower Collective, said: "We’re delighted to receive this investment, which will enable us to enhance our operational efficiency, continue to grow our digital subscription business and expand our B2B channel growth. Our mission to eliminate plastic waste is more urgent than ever and, with this support, we’re well set to scale our impact even further”. 

Matt Browning, Investment Manager at The FSE Group, commented: "Bower’s management team has shown exceptional innovation and commitment to sustainability, which aligns well with our investment philosophy. They have demonstrated strong market demand for their outstanding products and we’re excited to support them in their mission to tackle the pervasive issue of plastic waste." 

Paul Jones, Senior Investment Manager from the British Business Bank said: "The South West Investment Fund was created to support ambitious and innovative businesses like Bower Collective, helping them scale and drive sustainable growth in the region. Bower’s commitment to eliminating plastic waste through circular economy principles aligns strongly with our mission to back businesses that deliver both commercial success and positive environmental impact." 

Plastic waste remains a global challenge; less than 10% of plastic is currently recycled, with most polluting the environment by ending up in landfill, the ocean or incineration. The refillable and reusable consumer goods category is projected to grow significantly over the next five years, providing ample opportunities for Bower Collective to further its mission. 

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. 

The fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance. 

The Play Company, based in South Devon, has secured a £500,000 loan from the British Business Bank’s South West Investment Fund via appointed Fund Manager, The FSE Group. The investment will support the company's growth and expansion plans, including the creation of 20 new jobs over the next three years. 

With its roots as a soft play maintenance provider for over 20 years, The Play Company pivoted to a full-service offering of design, manufacture, and installation of soft play structures, interactive play areas, and sports pitches for the family entertainment centre sector, just before the onset of the COVID-19 pandemic. 

Despite the unprecedented challenges brought about by lockdowns, the company has now firmly established itself in the market and witnessed significant growth with an almost 70% increase in turnover last year. 

The funding will enhance operational capacity and expand international reach by enabling investment in new staff to handle increasing workloads, larger premises to accommodate the growing team and increased marketing efforts. 

Elliott Myatt, Managing Director of The Play Company which is based near Kingsbridge, said: "We're excited to use this South West Investment Fund loan to build on recent successes and convert our robust pipeline into new contracts. As a newly profit generating business, we don’t fit the criteria for high street lenders so finding in FSE a funder that is focused on the growth potential of our offering is refreshing. This investment will be pivotal in achieving our ambitious growth targets." 

Rob Ward, Investment Manager at The FSE Group, commented: "As a projection-led lender, we are thrilled to support The Play Company, a business with a strong reputation and significant growth trajectory both in the UK and internationally. The award-winning management team has demonstrated resilience and innovation, and we are confident in their ability to achieve their ambitious expansion goals." 

With this new investment, The Play Company is poised for significant growth, ready to manage increased project volumes in a global market currently worth circa $30billion and continuing to expand. 

Paul Jones, Senior Investment Manager, from the British Business Bank said: "The South West Investment Fund is designed to unlock growth opportunities for businesses across the region, and The Play Company is a great example of the impact that access to finance can have, especially when a business might not have the trading track record to satisfy many lenders. This investment will drive future growth and create a significant number of new jobs.” 

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. 

The fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance. 

Big Business Intelligence, trading as Distil.ai, has successfully secured a £350,000 equity investment from the British Business Bank's South West Investment Fund, via appointed Fund Manager The FSE Group. The funding is part of a £1million round that also includes investment from Waterspring Ventures.  

Distil.ai is an AI-driven data and analytics platform that has carved a niche in transforming raw data into actionable business intelligence, with a particular focus on the restaurant and hospitality sectors.

Its scalable platform leverages AI to deliver powerful data insights, significantly boosting returns through operations, marketing effectiveness and customer relationship management. The Exeter-based company collaborates with OpenTable, the world’s largest restaurant booking platform, as well as other platforms, to unlock operational efficiencies.

The funding will fuel Distil’s ambitious growth plans, enhancing its team and advancing platform development including the addition of multi-language capabilities, ahead of a planned Series A funding round.

Gerry McNicol, founder and CEO of Distil, said: “This funding is allowing us to invest in key activities to accelerate our growth trajectory and solidify our position in the market. Planned developments mean we can continue to provide customers with unparalleled insights at exceptional value. We are excited to partner with The FSE Group and South West Investment Fund as we continue to expand our capabilities and enhance our platform.”

Distil’s competitive advantage lies in its ability to integrate multiple data sources, resolve fragments of customer data into usable single customer profiles whilst offering self-service analytics reducing the need for traditional data analysts. The platform is already trusted by top-tier customers such as Hawksmoor, Gordon Ramsay Restaurants, The Devonshire Group, Aqua Restaurants and Crowdcube with clients reporting significant improvements including a 200%+ uplift in sales of a single product in one case and 75% business growth in another.

Meg Salt, Investment Manager at The FSE Group, commented: “With its scalable technology and strong foothold in the restaurant sector, Distil.ai is a compelling investment opportunity. The company's unique access to OpenTable data, along with its credible management team, make it an exciting proposition. Distil is well-positioned to achieve significant growth and we are delighted to be supporting them on this journey.”

Paul Jones, Senior Investment Manager from the British Business Bank said: "Distil.ai is a great example of how data-driven innovation is thriving in the South West. By harnessing AI to unlock new value in hospitality and other sectors, the business is helping customers harness their data to drive efficiency and growth. We look forward to seeing how support from the South West Investment Fund accelerates Distil's next stage of development."

Sam Huxtable, Managing Partner at Waterspring Ventures added: “We are thrilled to announce our investment in Distil. With a highly experienced team, they have developed an innovative platform to help restaurant chains leverage data science to streamline and automate complex, manual operational processes. Now, with exclusive access to OpenTable's data, Distil is poised for significant growth, and we look forward to supporting them in seizing this exciting opportunity. 

The purpose of the South West Investment Fund is to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the South West. It offers a range of commercial finance options with smaller loans from £25k to £100k, debt finance from £100k to £2m and equity investment up to £5 million. The fund is increasing the supply and diversity of early-stage finance for South West smaller businesses, providing funds to firms that might otherwise not receive investment and helping to break down barriers in access to finance.