Black & White Bridging funds SME hub with £1.68m bridging finance facility to support local businesses and community growth

05 February 2026

Black & White Bridging has completed a tailored commercial bridging facility for £1.68m to support the creation of a multi-unit business park dedicated to local SMEs in Falmouth, Cornwall.

The funding will enable the acquisition and refurbishment of an established commercial site, transforming it into high-quality workspace designed to accommodate a diverse range of operators. Once complete, the business park will provide a long-term home for local SMEs, helping to meet growing demand for suitable commercial space while supporting employment and economic resilience within the local community.

The refurbishment programme will upgrade multiple units to a high standard, delivering modern and efficient accommodation in a market where supply remains constrained. Upon completion, the scheme is expected to generate an annual rental income of approximately £270,000, providing a strong foundation for tenant sustainability and long-term asset performance.

This rental profile supports a clear refinance exit strategy, with exposure during the term of the facility capped at 65% loan-to-value. The structure reflects Black & White Bridging’s disciplined approach to risk, while enabling projects that deliver meaningful real-world outcomes.

The site is currently home to a variety of skilled local businesses, including a window manufacturer, a distillery, and an ironmonger, with plans to attract additional occupiers, including health and wellbeing-focused enterprises. The borrowers have direct experience delivering similar schemes and will oversee the refurbishment works themselves, ensuring quality control and timely delivery.

Mike Underwood, Relationship Director for the South Coast at Black & White Bridging, added:

“This transaction exemplifies our commitment to backing projects that combine strong commercial fundamentals with meaningful social impact — supporting local businesses, strengthening communities, and delivering sustainable long-term value.”