Quilam Capital strikes funding deal with SME lender Rocking Horse

The lending platform provides liquidity to firms anticipating Government funding for R&D tax credits.

Rocking Horse has struck a ‘multi-million-pound’ partnership with London-based specialist investment firm Quilam Capital.

The new lending facility will fund Rocking Horse’s loans to UK SMEs eligible for Government R&D tax credits or Innovate UK grant schemes, secured against these future cash flows.  Loans are repaid when funding comes through. 

Rocking Horse focuses on UK SME businesses that are loss-making and often excluded by traditional banks and online lending infrastructure. It anticipates that the loans will range from £50k to £1m plus.

Toby Walker, Director at Rocking Horse, said: Our ambition is to become the leading innovation financier to the 3.5 million SME’s in the UK and provide continued capital, support and expertise to accelerate growth within this sector.”

Sarah Watts (pictured), Director at Quilam, said: Rocking Horse proposition fills an important gap to provide instant cash for UK firms investing in innovation. Accelerating this cashflow can play a crucial role for SMEs maintaining growth, delivering contracts and ultimately continuing to play their vital role in the UK economy. This is the best management team to deliver this product and we are delighted to support Rocking Horse on this journey”.

Rocking Horse is Quilam’s ninth investment.