Business Growth Fund (BGF)
Independent company Business Growth Fund (BGF) established itself to help Britain’s growing smaller and medium sized businesses. Growth potential is the key criteria. BGF will invest between £2m and £10m per business in return for a minority equity stake and a seat on the board for a BGF director. BGF will provide long-term equity investment for those growing companies that today do not have access to this source of capital. As such BGF hopes to be a catalyst for growth among smaller UK companies.
With capital of up to £2.5 billion, BGF is backed by five of the UK’s main banking groups-Barclays, HSBC, Lloyds, RBS, and Standard Chartered; and is managed completely autonomously with an independent management team.BGF is one of a range of initiatives designed to forge a new relationship between the banking sector and UK businesses, and BGF works in close collaboration with the British Bankers’ Association as well as other key business organisations across the UK.