BGF, the UK and Ireland’s most active investor in growing businesses, announces that it has committed £2 billion into UK and Irish SMEs, including £280m for companies based in the North West.
The landmark capital investment was reached following £7.5m of growth funding for Merseyside-based manufacturer Joloda International, as well as BGF’s most active day ever for capital deployment in mid-June, with a total of £48m committed.
Headquartered in Speke in Merseyside, Joloda International designs and manufactures loading technology systems that improve or automate the process of loading and unloading cargo into vehicles. The business, which employs 140 people, has a strong heritage of innovation and has invested heavily to develop its product suite in response to an increasingly sophisticated global customer base.
BGF’s North West office has invested more than £280m of initial and follow-on investments across 30 businesses in the region since 2011. Recent investments include property services business Extentia Group, fintech company Planixs, and follow-on funding for web-hosting company Miss Group to support further growth.
From scratch, BGF has now backed 285 companies across the UK and Ireland since it was set up in 2011, providing growth funding in every region and almost ever sector of the economy, with over 70% committed to businesses based outside of London and the South East.
Neil Inskip, BGF investor and head of its North West office, said: “When BGF launched in 2011, the mission to establish a new long-term funding model with a regional approach was clear. Since then, we’ve invested in some of the most impressive and ambitious entrepreneurs the region has to offer.
“Despite the ongoing political uncertainty, we’re still meeting entrepreneurs that are continuing to drive innovation and growth. Joloda epitomises the quality of the businesses we are seeing in the region and we’re proud of the fact the investment which takes us past the £2bn mark is in the North West.”
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