OKR Financial unveils £2m fund aligned to the CPCA’s grant funding project
March 17, 2021
One of the leading debt and equity financing providers in Canada, OKR Financial, which recently expanded its operations into the UK, has today announced its commitment to supporting Cambridgeshire and Peterborough SMEs by providing non-dilutive funding options.
Partnering with Growth Works, the Cambridgeshire & Peterborough Combined Authority’s programme to deliver jobs and business growth, OKR has come on board this March as the authority gears up to deploy up to £2m in funding to high growth SMEs in the region, granting eligible companies up to £150k. Growth Works connects high growth businesses to the coaching, support, skills, information, global launch pad and funding they need to thrive.
“As Growth Works administers the grants, high growth businesses might experience a strain on their working capital, so partnering with OKR Financial will help bridge the gap for businesses until their grants are received.” – Paul Webster, Managing Director, Growth Works.
With a wider goal to deploy £20m throughout the UK startup, scaleup and tech ecosystem over the next 9 months, the team at OKR Financial says this work with the CPCA’s Growth Works Programme is the start of much more to come.
OKR Financial was founded by Managing Partners Dr. Jason Neale and R. Stewart Thompson, who already have deep roots in the UK. Thompson said of the project: “We recently expanded into the UK and with our connection to Cambridgeshire and Peterborough, we are keen to support an initiative that could truly uplift SMEs and entrepreneurs at such a difficult time.”
“Many are quick to celebrate when government funded grants are awarded, but the reality is there’s a lot of demand around working capital in high growth businesses which can impede operations, especially considering the fast pace of startup growth. OKR Financial can extend the runway for these businesses and bridge that all important gap.”
For more information on OKR Financial, please visit okrfinancial.co.uk
To learn more about Growth Works and the support offered to businesses entering into and growing in the region, please visit https://growthworks.uk/
VP Business Development UK
+44 7789 434743