GE Capital has signed to provide a £4.5million
(€5.4million) credit facility to a Middlesbrough-based chemical
company.

The facility, to be provided to FPCi Plc, the
holding company for Fine & Performance Chemicals, is to take
the form of confidential invoice discounting.

GE has said it is expected to provide up to
£18 million a year of working capital to FPCi, in volume terms,
over the course of the three-year contract

The credit facility is to support the
company’s future growth plans. 

Claire Hack