UK

Small businesses in search of venture capital were given a boost today when the first Regional Venture Capital Funds (RVCF) were launched in the East Midlands (Ј20m) and the North East (Ј15 million).

The management team at Berkshire based Elcom Information Technology Limited is celebrating a successful management buy out [MBO] from Elcom International Inc. Lloyds TSB Commercial Finance arranged a finance package for the Ј12 million deal.

Birmingham office appoints area manager

Continued expansion at Independent Growth Finance (IGF), one of the country’s fastest-growing independent factoring houses, has lead to their second head office move in two years.

Leicestershire based print management and communication services business Aiza Limited has acquired Present Format (UK) Limited, a print distribution business located in the Midlands.

Corin Group Limited, the manufacturer and marketer of orthopaedic products, is looking forward to accelerating the expansion of its UK and US business thanks to teamwork from two Lloyds TSB managers in Bristol.

An important phenomenon of the latest CIM Marketing Trends Survey is that smaller firms, who mainly sell into the business to business market place, are noticeably more optimistic than larger firms.

Lloyds TSB Commercial Finance, the leading provider of asset-based lending, has been named BizTalk Server Customer of the Month by Microsoft Corp. in recognition of its innovative FirstCheck service.

Lloyds TSB Commercial Finance Limited, the leading provider of asset-based lending and factoring, has announced board changes in response to increased demand for its services and to support its objectives for the year ahead.

London-based Netherford Factors Ltd have today released their annual accounts for the year ending 30 June 2001.