16 April 2024

Innovate UK and British Business Bank sign memorandum of understanding

Memorandum of Understanding (MoU) signed between the national innovation agency and the UK government-owned economic development bank. Heightened collaboration aims to help create new pathways for business investment and promote growth through innovation. This MoU signifies: Building pathways for businesses that seek British Business Bank or Innovate UK funding to provide more co-ordinated support throughout […]

3 April 2024

British Business Bank extends ENABLE Funding facility with Time Finance to £64.4m

Transaction provides a further £29.4m of funding to smaller UK businesses, adding to previous £35m facility British Business Bank has agreed to widen scope of facility to allow support for soft as well as hard assets The additional funding brings the total small business funding available through the facility to £64.4m. This further supports Time […]

26 March 2024

Whiterock launches new £75m growth capital investment fund in Northern Ireland

The Growth Capital Fund expects to make investments of between £1m and £5m for minority shareholdings in growth and scaling companies, with capacity for further follow on funding as required. Whiterock has been operating in Northern Ireland for more than 10 years. It has managed in excess of £150m across four funds and to date […]

26 March 2024

Future Fund: Breakthrough is successfully increasing later stage capital to deeptech and life science companies, finds assessment

The programme is: Regarded as a high-quality investor with its involvement widely seen as having a positive influence on firms and sponsor investors, particularly in signalling a company’s growth potential Addressing the late-stage equity funding gap affecting R&D intensive companies Directly increasing funding round sizes and crowding in third party capital Supporting deep tech and […]

21 March 2024

Launch of the Northern Powerhouse Investment Fund II provides £660m boost for small businesses

The Northern Powerhouse Investment Fund II (NPIF II), aims to build on the success of the initial fund, with the purpose of driving sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the North. The Northern Powerhouse Investment Fund II will increase the supply and diversity of early-stage […]

13 March 2024

Investment Fund for Northern Ireland Roadshows hailed a great success

£70million Investment Fund for Northern Ireland (IFNI) will be split between debt and equity support for smaller businesses IFNI will tackle an identified funding gap throughout Northern Ireland Roadshow events reveal access to finance appetite among smaller businesses Several IFNI deals already in the pipeline The £70million investment fund launched last November with the aim […]

6 March 2024

British Business Bank Spring Budget Response

The Long-Term Investment for Technology and Science (LIFTS) initiative  The LIFTS initiative will aim to create two new investment vehicles that are accessible to pension fund capital, unlocking over £1bn of total private capital, including from Defined Contribution (DC) pension schemes, to support innovative companies in the UK. Schroders Capital, Schroders’ specialist private markets investment […]

29 February 2024

Launch of Midlands Engine Investment Fund II provides £400m boost for small businesses

The Midlands Engine Investment Fund II will deliver a £400m commitment of new funding for smaller businesses The fund will build on the success of the first Midlands Engine Investment Fund and support access to early-stage finance 739 smaller business have already been supported by the Midlands Engine Investment Fund, creating over 4,000 jobs in […]

31 January 2024

Y Gronfa Buddsoddi i Gymru’n cyhoeddi ei gytundeb mawr cyntaf

English Language Version of this content Mae Banc Busnes Prydain wedi cyhoeddi ei gytundeb ecwiti mawr cyntaf o’r Gronfa Buddsoddi i Gymru gwerth £130m, gyda buddsoddiad o £650,000 o’r gronfa Cyllid Ecwiti, sy’n cael ei reoli gan Foresight Group (“Foresight”) y rheolwyr cronfa a benodwyd i reoli’r gronfa, yn y cwmni teithio ‘antur caled’ EverTrek. […]