Atelier Capital Partners, formed last year, has secured investment from M&G and will now perform short-term lending and development finance.

The company was founded by Graham Emmett, Chris Gardner, and Keith Aldridge, the latter two having been part of Amicus Finance, which went into administration in January last year.

The firm says that it will lend for up to 24 months to professional SME developers and property companies, from £500,000 to £10m.

Atelier Capital Partners chief operating officer Chris Gardner says: “Short-term property finance is one of the most dynamic sectors in the UK and has gone from strength to strength during the past decade.

“2020 is going to be an exciting year as we set out to establish ourselves as a trusted partner for intermediaries and property investors in search of institutional-grade specialist property finance.”

M&G Investments head of institutional fixed income William Nicoll adds: “As the backbone to the UK economy, access to short-term finance is essential for small and medium-sized developers and property management companies to invest in and regenerate sites across the country.

“Providing institutional capital for this sector on a short-term basis will provide the sector with greater stability and we also expect it to generate income for our pension fund and institutional investors.”