Specialist logistics and trackway installation provider DUKE Distribution (DUKE), has secured debt funding from Maven through the MEIF II - Debt Finance East and South East Midlands. The finance will support the company's growth plans as the company seeks to capitalise on the expanding demand for trackway installations across the UK and Europe.
DUKE’s key operational areas include specialist transport, haulage services and trackway installation with an extensive fleet of flatbeds, low loaders, curtain siders and bespoke trackway installation vehicles, alongside expertise in the transportation of abnormal loads. The business has earned a reputation as a key player in the delivery and installation of rental equipment in the events sector, installing trackways and other equipment for the UK’s leading providers.
With the market rapidly expanding due to increased infrastructure projects and the growing demand for renewable energy solutions across Europe, DUKE is well placed to support the installation of temporary roadways essential for accessing remote construction sites and renewable energy projects.
The funding package through Midlands Engine Investment Fund II will enable DUKE Distribution to expand its fleet, invest in additional equipment, and increase its workforce to meet the growing demand for its services.
“DUKE Distribution has grown significantly since its inception in 2020 and the market for our services remains strong, both in the UK and across Europe. The funding package provided by Maven, through the Midlands Engine Investment Fund II, will allow us to acquire more specialist vehicles and develop our workforce at the pace required to meet the demand.”
James Robinson, Managing Director at DUKE Distribution
“DUKE Distribution is a strong player in the trackway installation and logistics market, with a solid customer base and a clear strategy for growth in the UK and Europe. This funding will enable the company to meet the rising demand for trackway installation where significant infrastructure and renewable energy projects are driving the need for specialist access solutions. We are pleased to support DUKE Distribution as it embarks on this exciting phase of expansion.”
Richard Altoft, Investment Director at Maven
"The Midlands Engine Investment Fund II supports small businesses with growth potential in the region, helping them access the right type of finance for their business. The funding will enable DUKE to grow and expand, creating a positive economic impact on the wider region through job creation and more.”
David Tindall, at British Business Bank
The £400 million Midlands Engine Investment Fund II was launched in February 2024 and covers the entire Midlands region, providing debt finance from £25,000 to £2 million and equity investment up to £5 million to help a range of small and medium sized businesses to start up, scale up or stay ahead.
As Fund Manager of MEIF II - Debt Finance East and South East Midlands, Maven can provide business loans from £100,000 to £2 million to support both earlier and later stage businesses with real growth potential across a range of sectors. If your business, or the business you advise, is looking at debt finance as a solution to fund future growth please click here.