Black & White Bridging funds Cornwall SME hub with £1.7m bridge

Black & White Bridging has provided a £1.68m facility to create an SME business park in Falmouth, Cornwall.

Section: Case Studies

The bespoke bridging facility, capped at 65% LTV, will enable the acquisition and refurbishment of the commercial site.

This will involve upgrading multiple units to a high standard, allowing the park to generate an expected annual rent of approximately £270,000 when completed.

The site is currently home to a variety of local businesses, including a window manufacturer, a distillery and an ironmonger, with plans to attract additional occupiers, including health and wellbeing-focused enterprises.

Mike Underwood, relationship director for the south coast at Black & White Bridging (pictured above), commented: “This transaction exemplifies our commitment to backing projects that combine strong commercial fundamentals with meaningful social impact — supporting local businesses, strengthening communities and delivering sustainable long-term value.”

Keywords: Black & White Bridging, Mike Underwood, Bridging Finance, Cornwall, South West, SME, Commercial, Investment

Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/black-white-bridging-funds-cornwall-sme-hub-with-1-7m-bridge-22156