The funding follows a previous loan during the pandemic and allows the motorsport business to expand into a larger facility.
"Since my early days of racing, I have always believed that success is a team effort be that on the track or in the boardroom. We’ve got a great team at Blendini and with the continued support of the Development Bank, we now have the right premises to supercharge our growth and reduce operational costs. It’s a win-win as we continue to see increased demand for our experience days and associated services."
The funding comes from the Development Bank of Wales and Wesley Clover to support product development and sales expansion.
"As a legal technology business, we offer compliance management software that allows regulated businesses to save time and reduce costs with end-to-end compliance requirements."
The funding will support the addition of luxury lodges and facility improvements at Pennant Holiday Park.
"There is strong demand for high-end lodges in North Wales and from day one, we saw the potential that Pennant has to become a five-star destination resort. The funding from the Development Bank means that we’ve got the capital to invest in the park and set the standard for luxury lodges and holiday homes in this area while also creating jobs for local people. We’re focused on developing Pennant into an outstanding destination resort and golf course in North Wales over the coming five years."
The Development Bank of Wales backed the round to help scale open banking tools addressing financial vulnerability.
"We understand the financially vulnerable like no one else. We have engaged with regulators, lenders, and borrowers to create a platform that meets the needs of this under-served eco-system. Using our technology, we are proud of what we have delivered and how consumers are benefiting from it"
