Independent Growth Finance has increased its support for Hercules PLC through an enhanced £25 million asset-based lending facility, giving the company additional working capital flexibility as it continues to expand across the UK infrastructure and construction sectors.
IGF has worked with Hercules since 2023, and the larger facility extends that existing relationship as the business moves into its next stage of growth. The funding provides added headroom for day-to-day cash flow needs, while also supporting future expansion and potential strategic investment opportunities.
Hercules has built a strong position as a provider of labour supply and construction services to major infrastructure projects across the UK. In these markets, reliable access to working capital is important because project activity can require investment ahead of payment. The enhanced ABL facility helps reduce that pressure and gives the group more flexibility to manage growth.
The increase in funding also signals continued support for the company’s direction. By extending its relationship with Hercules, IGF is backing a business that has continued to grow and strengthen its market position in recent years. The facility gives Hercules a broader financial base from which to continue serving major UK infrastructure and construction projects.
Hercules plc (LON:HERC) is a collaborative, innovative company delivering services of the highest standards within the Civil Engineering sector of the construction industry. Hercules Academy provides a comprehensive range of courses designed to equip individuals with the essential skills and knowledge required for a long and successful career in the construction industry.
