British Business Bank renews commitment to SFC Capital with further £10 million, bringing total to £35 million
Press release
SFC Capital has received a further £10 million from the British Business Bank under the Regional Angels Programme, extending the Bank's total commitment to £35 million.
The Regional Angels Programme is designed to reduce regional imbalances in access to early-stage equity finance. Following previous commitments of £25 million across three tranches, this fourth tranche of funding reflects the British Business Bank's continued confidence in SFC's ability to deploy capital effectively, support ambitious founders, and strengthen entrepreneurial ecosystems across the UK.
The SFC Capital team has deployed all previous commitments in full and the combined capital has funded more than 260 early-stage businesses across the UK, investing alongside SFC's SEIS and EIS funds as well as the SFC Angel Network. Investments made through the programme have generated encouraging returns and a growing number of successful exits: early cohorts from 2020 to 2022 are posting a total value to paid-in multiple of 2x, including several successful exits. Peopleforce, an HR software business acquired by a European recruitment technology company, returned more than five times the original investment. Ryft, a payments platform, recently delivered a partial secondary exit of up to 6.2x for early investors.
This new £10 million is expected to fund a further 100 companies, taking SFC's total Regional Angels Programme impact to more than 350 early-stage businesses. Reflecting the firm's commitment to backing entrepreneurial talent wherever it is found, more than half of SFC's investments are made outside London, with opportunities sourced through a broad network of universities, accelerators, incubators, and angel groups spanning the length and breadth of the UK’s Nations and Regions.
Mark Barry, Senior Director at the British Business Bank, said:
This further commitment from the Bank, which takes our total commitment to SFC to £35 million via our Regional Angels Programme, will be put to work to address imbalances in access to early-stage finance across the UK. This will allow SFC Capital to build on its track record of supporting high growth-potential businesses across the UK.
Further Information
If you are a journalist and have a media enquiry, please contact [email protected].
Notes to editors
About SFC Capital
SFC Capital is one of the UK's most active seed-stage investors. Founded in 2012 by Stephen Page, SFC has invested in more than 600 startups across the UK through its SFC Angel Fund (SEIS) and SFC All-Stars Fund (EIS), as well as the SFC Angel Network. Its portfolio spans B2B Software, ClimateTech, HealthTech, DeepTech, FinTech, and Life Sciences. SFC is an official investor partner of Innovate UK and sources deals through partnerships with leading universities, accelerators, and angel networks across the UK. SFC Capital Partners Ltd is authorised and regulated by the Financial Conduct Authority (FRN 736284).
About the British Business Bank
The British Business Bank is the UK government’s economic development bank. Established in November 2014, its mission is to drive economic growth by helping smaller businesses get the finance they need to start, scale and stay in the UK. Its remit is to design, deliver and efficiently manage UK-wide smaller business access to finance programmes for the UK government.
The British Business Bank’s core programmes support £23bnRead footnote text 1 of finance to almost 64,000Read footnote text 2 smaller businesses.
British Business Bank plc is a public limited company registered in England and Wales, registration number 08616013, registered office at Steel City House, West Street, Sheffield, S1 2GQ. It is a development bank wholly owned by HM Government. British Business Bank plc and its subsidiaries are not banking institutions and do not operate as such. With the exception of BBB Investment Services Limited they are not authorised or regulated by the Prudential Regulation Authority or the Financial Conduct Authority. BBB Investment Services Limited is authorised and regulated by the Financial Conduct Authority. A complete legal structure chart for the group can be found at british-business-bank.co.uk.
The commitment described above does not constitute or imply any endorsement, warranty or recommendation by the UK government, the British Business Bank plc, its subsidiaries or any other party of SFC Capital or its products or services.
-
Return to footnote location
1
Figures as at end March 2025
-
Return to footnote location
2
Figures as at end March 2025, does not include Start Up Loans
Quick links
Latest news
-
Read more about British Business Bank makes €65m commitment to Highland Europe’s €1bn+ Technology Growth Fund VI to support UK tech scaleups Press release
30 July 2026 -
Read more about Social Investment Scotland secures £3.5m from the British Business Bank to support Scotland’s smaller business community Press release
30 July 2026 -
Read more about British Business Bank invests $25m investment into PhysicsX, including the fourth investment from British Growth Partnership Fund I Press release
30 July 2026