7th July 22
Having had a track record of success through similar managed investments in the US and Ireland, Beach Point Capital Management has secured £20m in another deal that has its sights on UK small businesses.
The funds come from British Business Investments, part of British Business Bank, which aims to iron out the imbalances seen in businesses in UK regional areas.
By committing the £20m, Beech Point will have the ability to invest between £2m-£5m in smaller UK businesses that aspire to achieve high growth.
While all regions of the UK are eligible, a large part of the focus will be on businesses in:
- Northern Ireland
- The North of England
- Scotland
As quoted by Bdaily News, CEO of British Business Investments, Judith Hartley, states: “British Business Investments is committed to ensuring smaller businesses across the UK can access as diverse a range of finance options as possible, to help them grow and succeed.”
Shane Lanigan, Portfolio Manager at Beach Point Capital Management said: “Now, more than ever, these companies are in need of bespoke, non-dilutive sources of financing to fund their growth and operations and in turn drive employment and economic expansion across their communities and the country.”
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