Prime Highlights-
- ART lends between £10,000 and £250,000 and focuses on businesses that traditional lenders cannot fully fund, according to its annual report.
- Graham Nicholl took over as chair at the AGM after Nick Venning stepped down following 10 years in the role.
Key Facts-
- ART Business Loans grew lending by more than 20% in the 2025/26 financial year.
- More than 75% of ART loans supported businesses in underserved areas and communities.
Background-
Birmingham-based ART Business Loans grew its lending by more than 20% year on year in the 2025/26 financial year, the lender said in its latest annual report. It presented the results at its AGM on Friday, September 25, as it heads into its 30th anniversary year.
The loans helped businesses across the West Midlands and neighboring counties grow, protect and create jobs, invest in their teams, and support local economies. More than 75% of loans went to businesses in underserved areas and communities. ART also raised its average deal size and delivered more large deals alongside other finance providers.
ART is a Community Development Finance Institution that lends between £10,000 and £250,000. It focuses on businesses that cannot secure all the funding they need from traditional lenders.
Chief Executive Dr Steve Walker said ART enters its 30th year in 2027 with a strong team, rising demand, and the funding to help more viable businesses. He said too many good businesses still struggle to find affordable finance, and ART wants them to know other options exist.
Nick Venning stepped down as chair after 10 years at the AGM. He said he leaves ART in a strong position after it adapted and grew through tough economic times. Graham Nicholl took over as chair and said he sees a clear chance to support more businesses across the Midlands and beyond.