Business Growth Fund
in London, United KingdomCategory: Attraction
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28 Britannia St, Kings Cross, London WC1X 9JG, UK Print route »
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Business Growth Fund is a £2.5bn UK-based firm that invests UK-based small and medium enterprises. It was created in 2011 in the wake of the 2008 financial crisis by Barclays, HSBC, Lloyds, RBS and Standard Chartered banks to support small and medium sized businesses with financial investment where otherwise under-served by traditional finance and private equity firms.
As of November 2016, it announced that it was on pace to have invested over £1bn in the UK by the end of 2016, including £174m in 24 companies in the north of England and £82m in the north-west of England. In total, the 155 companies in which it has invested employ more than 2,600 people and generate revenue of more than £360m. It has also invested £200m into BGF Ventures, its early-stage Venture capital arm.
The firm makes investments between £2m to £10m in businesses with typical revenues of between £5m to £100m.
