Leicester-based Furnley House Limited, a firm of independent financial advisers and mortgage brokers received the money from Maven Capital Partners.

The company says the funds will be used to support the next phase of its growth, developing its product and service offering and allowing the firm to expand its team - creating an additional 12 new jobs in the Midlands.

With more than 3,000 customers, Furnley House provides both business and private clients with a range of services from investment advice and management, Financial Planning, pension management and mortgage broking. 

The firm is run by an experienced management team, including senior Financial Planner and director Neil Haley.

To support further growth, three non-executive directors have been hired, a move which the firm says will widen the areas of expertise across the management team. 

Neil Haley, director at Furnley House said: “We are thrilled to receive funding from MEIF Maven Debt Finance.

“This is a really exciting time for the business and the investment will enable us to continue growing at a rapid rate by giving us the opportunity to hire additional advisors and support staff. 

“We’re a business that lives by our values with client centricity being our main focus.

“Everything we do is with clients in mind, the firm’s growth plans aim to improve products, services and the overall client experience which will help us maintain high retention rates.”

Jonathan Lowe, investment director at Maven, said: “Furnley House is a profitable, ambitious business with a capable management team, looking to scale-up. It is exactly the sort of business that MEIF Debt Finance was created to support.

“We are delighted to help Furnley House achieve its growth plans and continue to contribute to economic development in the East and South-East Midlands.”