UK - PIF supports MG Electrical
Partnership Investment Finance (PIF), managed by YFM Venture Finance, has supported MG Electrical, a manufacturer of energy-saving lighting products, with a ТЃ60,000 loan.
MG Electrical manufctures and distributes energy saving ligthing products for offices, hospitals, retail areas, schools and other commercial buildings. Its main product is the 8to5 Energy Saver, which adapts standard strip lighting fittings to take energy saving fluorescent tubes and can reduce energy consumption by between 45-65%.
Partnership Investment Finance is the trading name of the Partnership Investment Fund, a composite of five sub-funds that are managed by YFM Venture Finance. The vehicles, which are financed by regional development agency Yorkshire Forward, offers SMEs loans of up to £100,000 or debt/equity investments of up to £500,000.
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