UK-based window, door and kitchen manufacturer Stevenswood has secured £3.5m ($5.3m) in funding from bank-backed growth equity fund Business Growth Fund (BGF), Herald Scotland has reported.
Stevenswood sells kitchens and PVCu and aluminium windows, doors and conservatories through trade counters in five Scottish cities. The investment will support the opening of counters in three other cities, as well as a move to larger premises in Glasgow.
Patrick Graham, a senior investment manager at BGF, will join Stevenswood’s board in conjunction with the funding. BGF is funded by financial services firms Barclays, HSBC, Lloyds Banking Group, RBS and Standard Chartered.
– Photo courtesy of Stevenswood Ltd.