Investor backs North-west businesses with £41 million so far in 2021

Growth capital investor, BGF, has revealed it has so far invested £41 million in North-west businesses during the first six months of 2021.

BGF’s investments included £20 million of growth capital investment for seven businesses in the region, and £21 million in follow-on funding for its existing North-west portfolio.

Neil Inskip, Head of BGF in the North West, said:

The appetite for growth capital in the North West remains strong, as businesses look to take advantage of the opportunities that have developed over the last 18 months. It’s clear that owner-managed businesses have had to re-set their ambitions in the face of a global pandemic and for many this means scaling up and going for growth.”

Investor BGF’s North-west portfolio has been extremely active in the first half of 2021, including Cheshire-based lead generation technology business, ROI, which has made acquisitions in Norway and Denmark and received £4 million in follow-on funding just seven months after BGF’s initial investment. Inskip added: 

The strong start we have made to 2021 is a result of our ongoing commitment to investing in a broad range of sectors across the region, including technology, logistics and life sciences. Regardless of sector, what each of the businesses we back have in common is a strong and ambitious management team.

“The combination of new investments in exciting and innovative businesses, together with supporting the aims and ambitions of our portfolio, demonstrates the strength and depth of the BGF investment model.”

In addition to their investment in the North-west, BGF also announced this month that the firm had delivered £69 million of growth capital and follow-on funding to businesses in the South-west and Thames Valley regions.