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BGF invests £41m in North West


Growth capital investor BGF has invested £41m in the North West in the first half of 2021.

The company has provided growth capital for seven businesses, with £20m of the total invested supporting new investments and £21m of positive follow-on funding for existing portfolio companies based across the region.

Investments include £7.5m in Lancashire e-commerce logistics and tech company FulfilmentCrowd, backing double Queen’s award-winner, DriveWorks – the fast-growing technology business based in Warrington, and investing in national courier company Speedy Freight, following its year of record growth.

BGF has also provided follow-on funding to portfolio businesses, including a £4m investment in fast-growth, lead generation technology business, ROI. The deal came just seven months after BGF’s initial investment to support an acquisition and international expansion. 

Earlier this month, BGF made a £2.1m investment in digital mapping company, Gaist, taking the total invested to £4.8m.