The integrated property services and project delivery specialist Styles & Wood Group was one of the biggest movers this morning, up 24.8% after announcing the appointment of Matt Widdall as Non-Executive Director.
Tony Lenehan, CEO of Styles & Wood, said “I am delighted to welcome Matt to the Group. The investment commitment from the Business Growth Fund together with Matt’s direct participation at Board level provides real momentum in support of the Group’s growth agenda.”
Matt will join the board as the representative of the Business Growth Fund, a project seeking to provide capital for entrepreneurial companies in the North of England. BGF makes long-term equity investments of between £2m and £10m in businesses with the potential to grow, and is backed by five of the UK’s main banks, including Barclays, HSBC and Lloyds.