Britten-Norman secures new investment

Britten-Norman has secured last-minute investment as the UK aircraft manufacturer faced the risk of being forced into administration. A group of investors, led by private equity firm 4D Capital Partners, will now make funds available ‘to fund working capital and to drive successful long-term growth’. “The board has been in an extended process to secure the right investment that would allow Britten-Norman to deliver its plans to scale up output to meet demand,” commented Britten-Norman chief executive William Hynett. “Following a great deal of interest in the business, we are pleased to have identified a new investor that shares our