£100m for small firms
A funding group with an office in Barnsley has won the race to manage £108.5m of funding for SMEs in the North.
Enterprise Ventures beat off competition to manage a £57.5m equity fund and a £51m debt fund for the Sheffield-based British Business Bank.
EV is a subsidiary of Mercia, a national investment group focused on funding innovative technology businesses with high growth potential.
Dr Mark Payton, CEO, said: “Our aim to invest in the UK’s underserved regions, supporting businesses with high growth potential, where we are already very active.”