BGF Passes £5bn Invested and Commits £3bn More to Regional Growth
The growth capital investor has backed North East firms including Recite Me, SaleCycle and Visualsoft, and says 74% of its money goes outside London and the South East.
- BGF has invested £5bn in more than 650 UK and Irish businesses since 2011.
- 74% of that capital has gone outside London and the South East.
- It plans to invest a further £3bn over the next five years.
The Business Growth Fund (BGF) has passed £5bn invested in more than 650 UK and Irish businesses since it launched in 2011.
The fund says 74% of that money has been deployed outside London and the South East, and it has committed a further £3bn over the next five years.
Where BGF fits
BGF is one of the UK’s largest growth capital investors. In the North East tech scene, it typically comes in at the stage after angel, seed or Series A funding, and announces deals in the region once or twice a year.
North East backing
Over the past decade it has backed North East businesses including Recite Me, SaleCycle, Visualsoft, Ocucon, Geek Talent, Clixifix and Partnerize, which earlier traded as Performance Horizon. Recite Me received a further £4.6m from BGF a couple of years ago to support its growth.
