The funding will help the sustainable indoor farming company scale its operations.
"I am truly honoured to have won amongst such an impressive group of finalists. Making it through the competitive process for the national competition is fantastic validation for the potential impact of our technology. It’s a testament to the amazing work from our whole team over the past three years, to bring our unique indoor growing products to market. We’re looking forward to working with the best growers from around the world, to realise the full impact of our technology over the coming years!"
The grant will fund the development of wireless charging platforms for light commercial vehicles.
"We are in the midst of an electric revolution, with many businesses, councils and individuals looking to make the transition to alternative fuelled vehicles"
The MedTech start-up received its second award from the UK innovation agency via the Biomedical Catalyst scheme.
"Sleep is vital both to our mental and physical health. As mental health experts we need to find ways to help people improve their sleep quality, especially those with sleep problems."
The funding comes from Pool D of the Capability and Innovation Fund to support financial technology relevant to small and medium enterprises.
"Fluidly works to help SMEs sleep better at night, by providing control, certainty and confidence around cashflow. We’re thrilled to have been awarded this £5m grant by BCR to scale our impact and support for businesses."
The company has received a £5m grant from Pool D of the Capability and Innovation Fund to deliver £0.5bn in alternative lending by the end of 2022.
"Small businesses are at the heart of the UK economy and it’s vital they are able to access a range of funding choices when they need it. Winning this grant from the Capability and Innovation Fund helps us accelerate our plans to help SMEs across the country achieve their goals. It will help us develop much needed technology solutions to support small businesses in local communities to access funding, and it will also enable us to continue to grow the alternative lending market. We have already delivered £0.25 billion in funding for more than 5,000 hard-pressed UK small businesses, from Cornwall to Skye, and from Northern Ireland to Norfolk."
