Roma Finance has secured an additional £2m in funding from the Greater Manchester Combined Authority (GMCA), increasing its funding line from £3m to £5m.
The Manchester-based property development lender plans to expand its loan capacity to £250m by December 2025.
Roma Finance offers bridging and development finance products for property development across England, Wales, and Scotland.
The company has grown to a team of 60, managing more than 100 fundings each month.
Matthew Severs (pictured), finance director at Roma, said: “Funding from the GMCA has enabled us to continue with our exciting growth plans and our people play a key role in that.
“In the last 12 months we have been able to increase our workforce to support our expansion with the confidence of GMCA funding, and we are proud of the fact that the vast majority of our employees live within the Greater Manchester area – the place we call home.
“We look forward to utilising the increased facilities from GMCA to support this strategy going forward.”
Councillor David Molyneux, GMCA portfolio lead for resources and investment, said: “The additional £2 million funding for Roma Finance underscores our commitment to supporting initiatives that drive economic growth and address the critical needs for housing across our city-region.
“By facilitating more financing options for property developers and builders, we can help deliver much-needed homes and create valuable opportunities for local employment and investment in Greater Manchester.”
