“Placings of this size have been rare in the UK markets of late and so this fundraise is a strong vote of confidence in the company, which is well positioned to benefit from positive and political tailwinds,” a company statement said. The ‘tailwinds’ would include the new Labour government’s commitment to nuclear energy and its planning reforms and promise to build 1.5m homes over the course of the new Parliament.

The funds have been raised from two entrepreneurs, as well as institutional investors, and will be used to strengthen Hercules’ balance sheet to allow it to take advantage of opportunities it is seeing in the UK infrastructure and construction sector to grow its business both organically and via selective acquisitions.

In addition, an aggregate 6,060,606 Ordinary Shares have been sold by Hercules Real Estate to Wasdell Packaging.

• Comment below on this story. Or let us know what you think by emailing us at [email protected] or tweet us to tell us your thoughts or share this story with a friend.