
Reward Funding promotes Tom Annetts to business development director
Annetts will drive Reward’s presence across Thames Valley, supporting small and medium-sized enterprises (SMEs) and property professionals.

Annetts will drive Reward’s presence across Thames Valley, supporting small and medium-sized enterprises (SMEs) and property professionals.

Reward Funding structured the facility as a flexible drawdown, allowing funds to be accessed as needed during the work.

The funding gives AW Group flexibility to move quickly when opportunities arise, while maintaining control over cashflow.

Nick Smith, CEO at Reward Funding, discusses how rising cost pressures are pushing SMEs to use finance for stability rather than growth.

The latest seven-figure uplift follows earlier funding that helped transform the previously derelict Cleator Mills site into a fully operational commercial hub.

Smith previously served as group managing director and has spent a decade with the business, playing a key role in expanding its lending platform.

The funding enabled Pulse Property Services, led by entrepreneur Mohammed Baz, to complete the purchase after another lender withdrew at a late stage in the transaction.

During the year, the lender passed £350m in cumulative lending for the first time in its 15-year history and has now supported more than 2,000 clients, with total lending exceeding £1.45bn.

Reward Funding has provided a £4m revolving credit facility to 4PL, enabling the family-run fulfilment specialist to take long-term control of key warehousing sites.

Nick Smith, group managing director at Reward Funding, shares details of Reward Funding’s economic outlook for September 2025.

The funds will help the charity continue providing vital support to families with a child who has a life-threatening or terminal illness.

The business has backed over £1.45bn of ambition so far, with deals and funding options continuing to expand nationwide.
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