South West Investment Fund marks £100m investment milestone
Press release
- British Business Bank’s South West Investment Fund has supported more than 200 businesses
- Latest deal includes £1.275m investment in digital conveyancing platform
The British Business Bank’s South West Investment Fund has driven almost £100m of investment into new and growing businesses across the region.
Launched in 2023, the £200m fund is increasing the supply and diversity of early-stage finance for smaller businesses across the whole of the South West, offering loans from £25,000 up to equity investment of £5m.
The South West Investment Fund has so far delivered £51.8m of direct investment, leveraging an additional £48.1m from the private sector via 218 deals, with 203 businesses across the region receiving funding.
The Fund’s latest deal includes a £1.275m investment in Eden Conveyancing, an award winning, fully digital conveyancing platform, via fund manager Maven Capital Partners.
Mark Sterritt, Senior Director, at the British Business Bank, said:
Hitting the £100m milestone is a great achievement for the South West Investment Fund and demonstrates the scale of impact it is having in the region. With more than 200 businesses already supported, the Fund is backing innovation and ambition across a wide range of sectors. This includes businesses like Eden Conveyancing, allowing the business to scale and expand its services.
Bath-based Eden Conveyancing offers a fully digital conveyancing platform that aims to transform the residential property transaction process by blending expert legal insight with cutting-edge technology. Its MyEden platform centralises key elements of the transaction including documents, financials, and communications into one secure hub.
This integrated approach enables faster, more transparent transactions, with real-time financial tracking and clearly defined, upfront fees. While the technology automates much of the process, each client is also assigned a named expert property lawyer who guides the client and manages their case from instruction to completion.
The investment will allow the business to further scale its sales and marketing resource and create new jobs, while continuing to expand its service and develop the platform. Funding will also support the growth of its partnership model with estate agents and mortgage brokers, including the launch of a new remortgaging service to build longer-term customer engagement.
Since 2020, the conveyancing industry has undergone a major transformation, driven by accelerating digital adoption across key institutions such as HM Land Registry, the Bank of England, and leading industry bodies. Eden’s fully digital model is well positioned to capitalise on this evolution, offering a modern solution aligned with the industry's future.
Melanie Goward, Partner at Maven, said;
Eden have built a scalable and agile system with built-in automation, while its proprietary legal technology analyses property titles and streamlines conveyancing, making the process faster, more cost-effective, and client friendly. With the UK’s residential conveyancing market valued at £3.66 billion, Eden is well positioned to scale. We’re delighted to support Bruce and the team at this point in the company’s journey and look forward to working with them to achieve their growth objectives.
Bruce Griffin, CEO of Eden Conveyancing said;
We’re really excited to be partnering with Maven and the British Business Bank to accelerate our growth plans. The investment will allow us to further develop our market-leading digital conveyancing platform and provide a new type of conveyancing service to even more homeowners. Maven’s experience coupled with our expanded Senior Leadership Team will enable us to build a business that impacts the future of conveyancing.
The South West Investment Fund operates across the whole of the South West region including Bristol, Cornwall and the Isles of Scilly, Devon, Dorset, Gloucestershire, Somerset and Wiltshire. There are four appointed fund managers through which applications can be made, depending upon location.
The South West Investment Fund is among a suite of Nations and Regions Investment Funds launched by the British Business Bank across the UK. The British Business Bank is the UK’s government-backed development bank dedicated to making finance markets work better for smaller businesses.
Find out more at southwestinvestmentfund.co.uk
Further Information
If you are a journalist and have a media enquiry, please contact [email protected].
Notes to editors
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 sustainable growth and prosperity across the UK and to enable the transition to a net zero economy, by improving access to finance for smaller businesses. 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 over £17.4bnRead footnote text 1 of finance to almost 64,000Read footnote text 2 smaller businesses.
As well as increasing the supply and diversity of finance for UK smaller businesses through its programmes, the Bank works to raise awareness of finance options available to smaller businesses. The British Business Bank Business Guidance library provides independent and impartial information to businesses about finance options, featuring short films, expert guides, checklists and articles from finance providers to help make their application a success.
The British Business Bank is also responsible for administering the government’s three Coronavirus loan schemes and its Future Fund, together responsible for delivering £80.4bn in finance to 1.67m businesses. These schemes are now closed to new applications.
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.
About the Nations and Regions Investment Funds and the South West Investment Fund
The British Business Bank’s Nations and Regions Investment Funds increase the supply and diversity of early-stage finance for UK smaller businesses, providing finance to firms that might otherwise not receive investment and help to break down barriers in access to finance.
Operating in a commercially sustainable way the Nations and Regions Investment Funds delivers a £1.6bn commitment of new funding through investment strategies that best meet the needs of the businesses in their nation or region.
The British Business Bank is responsible for administering the Nations and Regions Investment Funds on behalf of the UK government. We are establishing investment funds in areas not currently served by the Bank’s existing regional funding programme as well as launching follow-on investment funds in existing fund areas.
£200m has been allocated to provide a fund for businesses in the South West of England, building on the Cornwall and Isles of Scilly Investment Fund.
The South West Investment Fund offers a range of commercial finance options with small loans from £25,000 and equity investment up to £5m. The fund covers the entire South West region including Bristol, Cornwall and the Isles of Scilly, Devon, Dorset, Gloucestershire, Somerset and Wiltshire.
The South West Investment Fund has a demonstrable presence across the region linking up with the existing small business finance ecosystem to increase reach and create an impact beyond the funds, helping to boost productivity, innovation and jobs.
-
Return to footnote location
1
Figures as at end March 2024
-
Return to footnote location
2
Figures as at end March 2024
Latest news
-
Read more about British Business Bank commits £100m to Oxford Quantum Circuits Press release
03 June 2026 -
Read more about The British Business Bank’s Growth Guarantee Scheme unlocks £200m for smaller businesses across Scotland, revealing the nation’s regions, cities and sectors investing most in their own growth Press release
02 June 2026 -
Read more about British Business Bank invests £5m in IMU Biosciences Press release
02 June 2026