Business Growth Fund

Coordinates: 51°31′47″N 0°07′08″W / 51.529792°N 0.118778°W / 51.529792; -0.118778

British Growth Fund
Industry Private equity
Founded 2011
Key people
 Stephen Welton
Total assets £2.5b
Number of employees
 92
Website www.businessgrowthfund.co.uk

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.[1]

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.[2] It has also invested £200m into BGF Ventures, its early-stage Venture capital arm.[3]

The firm makes investments between £2m to £10m in businesses with typical revenues of between £5m to £100m.[4]

Partners

The firm is headed by Chief Executive Stephen Welton, formerly of JP Morgan Partners.[5] It employs 92 people.

Investments

BGF Ventures has invested in 155 companies since its inception in 2011.[6] Notable investments have included:

References

  1. ↑ "Business Growth Fund for medium-sized firms launched". BBC News. 2011-05-19. Retrieved 2016-11-21.
  2. ↑ Begum, Shelina (2016-05-23). "Business Growth Fund marks five years". men. Retrieved 2016-11-21.
  3. ↑ "£200m venture capital fund for young tech businesses". Growth Business. 2015-06-01. Retrieved 2016-11-21.
  4. ↑ "Business Growth Fund reaches £1bn milestone - Startups.co.uk: Starting a business advice and business ideas". Startups.co.uk: Starting a business advice and business ideas. Retrieved 2016-11-21.
  5. ↑ Rhodes, Jon (2013-05-14). "Stephen Welton - Business Growth Fund". Business Growth Fund. Retrieved 2016-11-21.
  6. ↑ "Business Growth Fund unlocks financing for small UK companies". www.ft.com. Retrieved 2016-11-21.
  7. ↑ "Grand ambitions for the humble burrito". The Telegraph. Retrieved 2016-11-21.
  8. ↑ "Business Growth Fund invests £3.2m in art retailer Cass Art - Startups.co.uk: Starting a business advice and business ideas". Startups.co.uk: Starting a business advice and business ideas. Retrieved 2016-11-21.
  9. ↑ "GYMBOX becomes second fitness chain investment for Business Growth Fund". Growth Business. 2014-07-07. Retrieved 2016-11-21.
  10. ↑ Bulletin, The Retail. "Oliver Sweeney receives investment from Business Growth Fund | The Retail Bulletin". The Retail Bulletin. Retrieved 2016-11-21.
  11. ↑ "Packaging manufacturer Plastique receives £5m BGF boost - Startups.co.uk: Starting a business advice and business ideas". Startups.co.uk: Starting a business advice and business ideas. Retrieved 2016-11-21.
  12. ↑ "Pharmacy2U and ChemistDirect.co.uk merge in BGF-backed deal". Private Equity Wire. 2016-07-04. Retrieved 2016-11-21.

External links

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