UK Film & TV Fund Allegro Finance Raises $2.6M to Support Working Capital Needs
Allegro Finance, a London-based film and TV lending platform, has announced the acquisition of a £2 million ($2.6 million) working capital facility from Beechbrook Capital, secured through funds managed for the British Business Bank.
This announcement follows Allegro’s recent launch of a $500 million credit facility focused on film and television production, which was organized in collaboration with entities advised by Elliott Advisors UK Limited.
Founded in 2024 by industry veterans Jamie Lowe, Peter Touche, and Sam Collett, Allegro Finance aims to strengthen its position within the sector.
“This working capital facility is a powerful catalyst for Allegro’s growth, and we are grateful for the support from Beechbrook and the funds they manage on behalf of the British Business Bank,” Collett stated. He emphasized that the funding would enable Allegro to expand its platform and increase the flow of private institutional capital into the UK’s film and television sector. “This is precisely how public capital can unlock private investment, support high-growth businesses, and strengthen one of the UK’s most globally competitive industries,” he added.
The new funding will be allocated across a varied international slate of film and television productions, aligning with Allegro’s ambition to become the leading non-bank senior lender to the global screen industries.
Paul Shea, Managing Partner of Beechbrook Capital, noted that the investment aligns well with the objectives of the funds managed for the British Business Bank. “All our funds seek to support growth and job creation, and this investment is no different. The UK’s creative industries are a vital part of the economy, employing hundreds of thousands of people and driving significant cultural and economic value,” Shea remarked.
Adam Kelly, Managing Director and Co-Head of Funds at British Business Bank, highlighted the significance of creative industries as a key component of the UK’s industrial strategy. “The UK’s creative industries play a vital role in the government’s Industrial Strategy, employing 2.4 million people and contributing £124 billion of Gross Value Added to the economy. By providing finance to Beechbrook Capital, and in turn supporting specialist platforms like Allegro Finance, we help businesses access the finance they need to start, scale, and remain in the UK,” he concluded.
