New £80m Funding Pot to Support SMEs in Midlands and North

New £80m funding pot to support SMEs in Midlands and North

British Business Bank and West Midlands Pension Fund supporting new debt finance vehicle

British Business Bank commits £40m to regional investment fund

The British Business Bank has committed £40m to an investment fund targeting firms in the Midlands and the north of England. The Evolution Fund from Birmingham-based Frontier Development Capital is an £81.5m vehicle that will provide debt financing ranging from £1m to £8m to established SMEs with proven growth potential. The British Business Bank previously supported Frontier Development Capital’s debt fund in 2020. “The British Business Bank is…

BBB commits £40m to Frontier Development Capital’s new Evolution Fund

The British Business Bank has committed £40m to Frontier Development Capital’s new £81.5m Evolution Fund to support the growth of smaller businesses in the Midlands and the North of England. The Evolution Fund will provide flexible debt solutions of between £1m and £8m to established smaller businesses in any sector with proven business performance, growth […] The post BBB commits £40m to Frontier Development Capital’s new Evolution Fund appeare…