Luxxshopper, a Nottingham-based personal shopping and fashion styling service established in 2020, has secured £25,000 funding with support from First Enterprise – Enterprise Loans. The funding was obtained through the Big Society Capital (BSC)’s Community Investment Enterprise Facility (CIEF), backed by the Recovery Loan Scheme (RLS).

Luxxshopper specialises in sourcing rare and limited-edition fashion products, such as Louis Vuitton bags, Nike collaborations with Travis Scott, and vintage clothing items. The company’s customers, who are full-time workers and business owners, often struggle to keep up with the latest fashion trends and releases due to their busy schedules and limited access to high-end designer items. The company is committed to providing its clients with exceptional service and a unique shopping experience that meets their needs and exceeds their expectations. 

With the funding, Luxxshopper plans to increase its stock of rare and limited-edition products, enhance its online shopping experience for customers, and invest in marketing to reach more potential customers.  

First Enterprise – Enterprise Loans provides government-backed business loans ranging from £500 – £250,000 for start-ups and SMEs that are unable to borrow from traditional high-street lenders. The not-for-profit organisation reinvests profits into loan funds to further support economic growth and job creation in the local communities. 

Aaron Burke-Hall, Founder of Luxxshopper, comments: “As we’re all about quality service and products, since 2020, we’ve been building our brand and service to reflect that commitment. However, high demand from our clients has led us to expanding our supply. We then went for funding with First Enterprise – Enterprise Loans to expand our stock levels to meet our demand and grow our business into a multimillion-dollar company within the next 10 years.” 

Nabeel Akhter, Investment Manager at First Enterprise – Enterprise Loans, comments: “It was a great pleasure working with Aaron. I have always seen him very responsive to my queries and having complete knowledge about his business. I wish him all the future success and Luxxshopper to become a very famous brand.” 

Victoria Crisp, Investment Manager at Big Society Capital, commented:  “Startups and SMEs can play a vital role in their community by creating and sustaining jobs for local people and supporting local economic activity – very often for disadvantaged areas. However, getting the finance they need from high street banks is often challenging.  

This is where community lenders like First Enterprise come in – which make finance more accessible to underserved founders and business leaders. We are delighted to have supported First Enterprise in making this investment through our CIEF fund.”