Recent success stories delivered by Promethion to satisfied clients.
A government funded charity - preparing the business case for establishing a credit union, acquiring government grant funding, raising additional capital from private sector firms and obtaining regulatory approval from the PRA/FCA.
A UK sector skills council realised that logistics employees needed loans for training purposes and a source of ethically based finance to counter payday and doorstep lenders.
Promethion was appointed by the CEO to formulate a business plan, raise debt and equity and obtain all regulatory approvals.
Promethion raised £1.3 million of government grant finance.
£600,000 of corporate investment has been committed.
The project is ongoing pending regulatory approval.
The project provided a long-term solution to the sector's need to increase funding available for upskilling the workforce in an environment of funding constraints.