UK-based furniture retailer, Furniture Village has received a £6m ($9.9m) investment from British Growth Fund (BGF), the bank-backed fund aimed at growing UK businesses.
Furniture Village is an independent retailer that has been trading for 25 years, and which has 40 stores across the UK. The funding will enable it to accelerate the rollout of new stores and increase investment in technology to improve customer experience.
Jon Simon, a senior investment manager at BGF, will join Furniture Village’s board as the fund’s representative.
Peter Harrison, chief executive of Furniture Village said: “This substantial investment will enable us to accelerate our plans and for Furniture Village to remain at the forefront of British retail in its sector.”