Sutton Coldfield-based heating, electrical and security services firm, Butco Heating Limited (BHL), has secured a £300,000 funding package from MEIF Maven Debt Finance, part of the Midlands Engine Investment Fund (MEIF), managed by Maven Capital Partners (Maven) and backed by the Recovery Loan Scheme.
Butco Heating Limited provides a range of heating, electrical and security services and will use the funding to expand its offering to installation, servicing and repairs of home boilers, smoke alarms and home security systems, including rewiring and repairs.
Trading in the West Midlands for over 60 years, Butco Heating is committed to its growth across the West Midlands and supporting the drive to net-zero and sustainability with new zero-emission products.
The MEIF funding will enhance the company’s capacity to train its engineers and support staff on its new products and services, along with utilising new sales and marketing tools to help BHL grow its customer base.
