The investment deal will enable Clements Young to explore opportunities to grow the business, including recruiting a number of new internal staff and expanding into regional locations across the UK, a statement said.

Founded in 2018, Clements Young has supported more than 130 customers within the construction and building services industry.

Invoice financing is a flexible way for businesses to borrow money against payments due from customers. This frees up finances and can help businesses reinvest in growth at an earlier stage.

Broker Fundinground advised on the deal, supported by NatWest broker relationship manager Ben Davey.

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