B4box receives ??50k from angel investor

  

B4box has received an equity investment of £50,000 from Business Angel Investor, Bill Lloyd.

B4box delivers quality building services to local authorities and other property owners, and at the same time guarantees to employ and train a high volume of local people. It takes 80% of its employees from people on benefits, who are distant from the labour market and who live in the locality. They are then fully trained both on and off site, to NVQ level 2 and 3.

 The investor was Bill Lloyd, a construction professional with over 30 years experience who has previously significantly grown a construction business. He also brings experience of guiding a company taking on private equity investment and negotiating a sale of the company. Billl be joining the company as managing director. 

Aileen says “Bill is not just an angel investor bringing money to the business, he sees the bigger picture, the social mission, he also brings invaluable experience and contacts to the business.”

For Bill “B4Box was an investment opportunity that was too good to pass up, a business delivering just what customers wants and improving the prospects of the people they work with.

Gareth Zahir- Bill, Investment Manager at UnLtd says “Bill’s investment in B4Box brings not only the money that will be needed to deliver their ambitious growth plans but also brings  the experience and reputation of a seasoned construction professional , it goes to show what great investment opportunities exist if the primary goal of delivering social change is underpinned by a strong commercial and financial business case”.

 

This equity investment will be matched by a £50k cash award from UnLtd’s Big Venture Challenge. The investment will be used to strengthen the B4Box team and help them deliver services to a growing pipeline of customers that value their social mission and the high quality construction services that they deliver. It will also help them develop a replicable business model by entering into a knowledge transfer partnership with Salford University, this will help them develop a replicable methodology that will help B4Box increase their social impact tenfold.  

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