The North East prop and costume maker received the loan from Creative UK's Culture and Creative Investment Programme.
"This funding allows us to bring even more innovative projects to life, expand our capabilities, and strengthen our position as a go-to props and costume design company for Film, TV, and live events."
CIBC Innovation Banking has provided corporate debt financing to support product development and international growth.
"This refinancing agreement with CIBC marks a significant milestone for Infinity, strengthening our financial foundation and providing the flexibility we need to pursue our growth strategy with confidence. The £5 million refinancing ensures we are primed to ensure customer satisfaction and loyalty, as well as deliver even greater value to our partners and stakeholders while advancing our mission to help businesses worldwide make smarter, more impactful calls. We deeply appreciate CIBC’s support and belief in our vision to transform the way brands connect with their customers."
The Development Bank of Wales provided the loan to support product expansion and new electric vehicle services.
"The UK automotive aftermarket is thriving, but smaller, more local garages can sometimes struggle to keep up with advances in diagnostic technology. Maverick Diagnostics benefits from a highly skilled team who have a passion for sharing their technology and expertise with garages and workshops throughout the UK, enabling them to compete with main dealers. Our support for their business means that they can do more to enable their customers to help car owners with repair, maintenance and service requirements."
The funding from the Development Bank of Wales will be used to purchase materials for a growing order book.
"Changing legislation and an increased focus on fire safety means that there is increasing demand for certification on fire doors. The bulk of our work is in the social housing sector but we also fit doors for building contractors, developers and landlords. The first loan from the Development Bank enabled us to emerge from the pandemic with renewed optimism for the future of the business so we invested in additional tooling and fleet vehicles plus a new unit at the Westbourne Centre in Rhyl. This latest loan will be used to fund the purchase of the materials that we need to fulfil our growing order book."