Press release - 14 January, 2025
Summary
Our ongoing commitment to SPRK in this crucial lending market reflects our dedication to the innovation and growth driving SMEs across the UK. The transaction described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, the British Business Bank plc or its subsidiaries or any other party in respect of Sprk Capital or its products or services. SPRK provides SMEs engaged in UK-led innovation the ability to release capital from their eligible R&D and Grant spend using its proprietary online platform, ensuring credit decisions are made swiftly with certainty of funding. SPRKs unique proposition is designed to optimise cashflow for borrowers through a non-dilutionary source of capital with market leading founder-friendly terms. SPRKs investment in technology combined with institutional funding enables it to remain at the forefront of UK-led innovation finance.