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Birmingham-based funder Frontier Development Capital has agreed a new finance deal with workspace provider Gilbanks.

The latest investment will enable Gilbanks to accelerate the expansion of its network of flexible office spaces.

The deal follows the company's recent expansion into Birmingham where it is set to open a 22,000 sq ft flexible work hub at Five St Philips off Colmore Row.

Ondrej Okeke, investment director at Frontier Development Capital, said: "The flexible workspace sector is a familiar and exciting market for us.

"Gilbanks' strong management team, solid track record, robust income model and impressive pipeline made this a particularly attractive opportunity.

"We look forward to supporting Gilbanks expansion as they target new locations in strategic urban centres and grow a national footprint."

Alex Duckett, managing director of Gilbanks, added: "Businesses and landlords recognise that the office landscape has shifted towards a more service-led, experience-driven model.

"Our priority has always been to enhance the customer experience by selecting the best locations with outstanding sustainability credentials and top-tier amenities.

"The new funding allows us to expand across the º£½ÇÊÓƵ as we find suitable sites with forward-thinking landlords."

Frontier is a specialist investor that supports high-growth businesses. Terms of the Gilbanks deal were not disclosed.