Intermediate Capital Group has become the latest debt specialist to receive a fundraising boost from the UK government, as part of an initiative to increase non-bank lending to mid-market companies.

The London-listed firm said in a trading update on Wednesday that it has received €191 million - or £163 million - of commitments from the Business Finance Partnership. Launched in April 2012, the scheme aims to increase lending to mid-market businesses in the UK through non-bank channels.