The Catapult Growth Fund (CGF) offers venture capital funding to enable businesses in the Midlands area to expand.
Founded in late 2006, the Catapult Growth Fund is a £30m Enterprise Capital Fund targeting growth opportunities across the UK. Investors in the fund include regional pension funds and Capital for Enterprise (now British Business Bank).
Through the scheme, the funding provider also seeks to add value to investee companies through the introduction of experienced and non-executive directors to the company board.
The Catapult Growth Fund invests in small and medium-sized enterprises seeking equity funding in the 'equity gap'. The level of support provided to individual businesses ranges from £500,000 to £2 million.
This generalist fund focuses on investments in the Midlands region but will consider UK wide opportunities. The fund favours innovative growth sectors including:
- Technology
- Healthcare
- Medical devices
- Environment
- Support services
The majority of investments will involve a mixture of equity and loans to boost emerging businesses and aid expansion projects. Full details
You can also learn more about different types of finance from the British Business Bank, the UK's national development bank that can help your business find a way, with free financial tools and expert information.https://www.british-business-bank.co.uk/finance-hub/other-forms-of-finance/
