# Ultimate Finance reaches £14m milestone in funding to construction businesses
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2017-05-26
Category: BUSINESS
Category URL: https://financedigest.com/category/business
Meta Title: Ultimate Finance Group Achieves 75% Growth in Construction
Meta Description: Find out how Ultimate Finance Group is helping SMEs in the UK grow with their Construction Finance product. A 75% year-on-year growth shows confidence in access
URL: https://financedigest.com/ultimate-finance-reaches-14m-milestone-in-funding-to-construction-businesseshtml

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_A year of significant growth for SME lender_

![Martin Bennison](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/martin-bennison-8100732-200x300-1736843819734-compressed.jpg)

Martin Bennison

Ultimate Finance Group, a leading independent provider of finance to UK business, has now provided £14m of funding to SMEs through its Construction Finance product. This represents year-on-year growth of 75%, as of April 2017. In total, Ultimate Finance Group’s overall lending to SMEs is now £132 million, as it continues its commitment to invest in [business growth](https://www.financedigest.com/2016-the-year-of-technology-financing-the-year-of-business-growth.html "2016 – THE YEAR OF TECHNOLOGY FINANCING, THE YEAR OF BUSINESS GROWTH") in the UK.

“The [construction industry](https://www.financedigest.com/growth-of-construction-industry-is-creating-demand-for-screw-washer-market.html "Growth Of Construction Industry Is Creating Demand For Screw Washer Market") faces a number of challenges, not least a weak pound, skilled labour shortages and managing the costs of raw materials,” Martin Bennison, Managing Director of Construction Finance at Ultimate Finance, commented. “Despite this, these figures prove that our [customers are confident](https://www.financedigest.com/instilling-customer-confidence-in-the-pandemic-era.html "Instilling customer confidence in the pandemic era") in accessing funds, and are positive about their future.”

This follows a record 2016 for Ultimate Finance, which saw a 23% increase in overall lending, 16% increase in client base, and an expansion of its national footprint with new offices in Leeds, Edinburgh and Manchester.

“Irrespective of industry or size, SMEs need fast, flexible and fair cashflow solutions that supports good working capital and allows them to grow and, as importantly, let’s them get a good night’s sleep knowing that the wages will be paid,” added Bennison. “As an independent business ourselves we know that one [day you have money in the bank and the next](https://www.financedigest.com/markforged-announces-the-metal-x-gen-2-next-day-metal-and-the-x7-field-edition.html "Markforged Announces the Metal X Gen 2, Next Day Metal, and the X7 Field Edition") a big bill can change everything. Our growth over the past year reflects the [investment we have made in our portfolio](https://www.financedigest.com/investment-portfolio-diversification-why-its-important-and-how-to-do-it.html "Investment Portfolio Diversification: Why It’s Important and How to Do It") of products, and the insight we are able to bring to our offering.”

Ultimate Finance’s [Construction Finance product is uniquely tailored to meet the specific requirements of businesses in the sector](https://www.financedigest.com/synthetic-quartz-market-sales-is-driven-by-increasing-growth-in-manufacturing-and-construction-sectors.html "Synthetic Quartz Market Sales Is Driven By Increasing Growth In Manufacturing And Construction Sectors"), allowing access to money that is tied up in lengthy construction contracts.

Backed by the Tavistock Group, Ultimate Finance is in a unique position to be able to access funding for its customers without reliance on [banks or the markets](https://www.financedigest.com/digital-inclination-to-drive-the-mammalian-cell-banking-market.html "Digital Inclination to drive the Mammalian Cell Banking Market").

For further information, please visit www.ultimatefinance.com


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