BGF, the growth capital investor, has pledged £300 million to Midlands-based businesses as part of its £3 billion UK-wide commitment to support high-potential companies over the next five years.
This regional commitment builds on BGF’s strong track record in the Midlands, where it has invested £541 million since 2011.
As part of the £3 billion pledge, BGF is also committing £300 million to female-powered businesses across the UK, to foster greater diversity in the growth economy. This builds on an initial £25 million commitment to the Invest in Women Taskforce (IWT), which helped raise over £250 million last year.
Since 2011, BGF’s portfolio companies across the UK have generated £7.1 billion in revenue growth, £1 billion in export growth, and created more than 27,000 jobs. With 74% of its capital deployed outside London and the South East, BGF’s regional-first approach is central to its mission to reduce capital disparities across the country.
Seb Saywood, partner, Midlands, BGF, said: “We’ve backed great businesses in the Midlands for over a decade, from manufacturers to fast-growing tech firms. This new £300 million commitment builds on that track record and reflects our long-term belief in the region’s potential to deliver strong, sustainable growth.”
