Bluehone to address funding gap for small businesses

Bluehone Secured Assets, a newly formed company established to provide an alternative source of finance to small and medium enterprises, is to beef up its own finances with a flotation on AIM, the Alternative Investment Market.

Bluehone Secured Assets, a newly formed company established to provide an alternative source of finance to small and medium enterprises, is to beef up its own finances with a flotation on AIM, the Alternative Investment Market.

The company plans to raise up to £40m through a placing to institutional investors and an offer for subscription that will be available to private investors. At least half the shares available will be held back for private investors.

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