Invested in Growth

Winner The Queen's Awards for Enterprise: Innovation

£1.6bn invested

239 companies backed

74% invested outside London & South East

£430m follow-on funding provided

14 BGF offices

#1 most active growth investor in the world

Many companies seeking investment say they want a different and better kind of partner. Someone to help them scale, without taking control. To challenge them, without driving them too hard, too fast. To treat them with the honesty, respect and empathy they deserve.

That's why we exist.

BGF is driven by the hard work and commitment of all its people. We like to think ourselves every bit as passionate and entrepreneurial as the businesses we back.

About BGF

Business Growth Fund was set up in 2011 to offer growing companies and ambitious entrepreneurs patient capital and strategic support. Today, we are the UK and Ireland’s most active investor in small and medium-sized companies. An established and independent company, we have £2.5bn to support a range of growing companies – early stage, growth stage and quoted – across every region and sector of the economy. Hundreds of companies are using our equity capital investments to accelerate growth.

With 14 offices, we are close and relevant to the businesses we invest in. We have grown to a team of 150+ and a network that’s made up of one of the largest pools of board-level executives. Collectively, the companies in our portfolio employ close to 50,000 people. We want to see more entrepreneurs using our capital not only to scale-up their own business but also, collectively, to drive economic activity and with it increase employment, exports and growth.

Members of the board assembled in our London office.

Meet the Board


We take pride in being more flexible, patient and supportive than any other funding provider. We help discover sources of new growth potential, then work in partnership to make a difference.

At its simplest the funding we provide is long-term, patient capital that management teams use to execute their strategic plans. With a £2.5bn evergreen balance sheet BGF provides funding for growth and equity release via secondary share sales, making initial investments of £1-10m in return for a minority stake. A major strategic advantage of working with BGF is our ability and willingness to provide significant further funding as the company continues to grow, helping to build the large businesses of tomorrow.

We recognise that companies need more than just money. Alongside our investment, we provide practical and strategic support directly through the BGF team and also through access to our broader networks.

We want you to focus on your business not on fundraising. We run a fast and focused process; from understanding your business and funding needs, to completing our investment. And if we can’t invest now, we provide early feedback and make practical suggestions for alternative options.

Our History


Established as an independent investment company under the leadership of CEO Stephen Welton.
Offices opened in Edinburgh, London, Birmingham and Bristol.
Financial backing from Barclays, HSBC, Lloyds, RBS and Standard Chartered. Authorised and registered by the FCA.


£100m invested.
Offices opened in Aberdeen, Manchester.


£250m invested.


BGF Quoted launched.
Reading office opened.
£500m invested and 100 companies backed.


Offices opened in Nottingham, Belfast and Cardiff.
BGF becomes first investment company to win a Queen’s Award for Enterprise in the Innovation category.