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22nd February 2019

The Growth Company secures £56m to boost employment in the North

The Growth Company has been awarded a £56.5m contract package as a result of bidding for ESF from the Education and Skills Funding Agency. This European Social Fund investment package will be delivered in partnership with Local Enterprise Partnerships in Greater Manchester, Lancashire and Sheffield City Region over the next two years.

22nd February 2019

Albemarle Street Partners in merger to deliver enhanced service

Albemarle Street Partners (ASP), the specialist advice and investment management consultancy for advisers, has announced a merger which will allow it to benefit from greater investment research and portfolio management expertise, delivering an enhanced service to its clients.


22nd February 2019

Riverside invests in premium rum blending specialist E&A Scheer

The Riverside Company, a global private equity firm, has made a significant investment in E&A Scheer, the largest global blender and vendor of premium rum in bulk. With origins dating back to 1712, Scheer specializes in sourcing and custom-blending to create high-quality, tailor-made rum blends. Scheer’s blending operation is located in Amsterdam, Netherlands, and aging facilities reside in Liverpool, United Kingdom, where its subsidiary the Main Rum Company (MRC) is located.

22nd February 2019

Mobeus welcomes Matt Mead as Venture Partner

Mobeus has announced that Matt Mead has joined the team in the newly created role of Venture Partner working across its VCT investments.

22nd February 2019

AI cyber defender Senseon secures $6.4m to redefine industry approach

Senseon, the next generation AI platform for cyber defence, has announced the completion of a seed funding round of $6.4m. Leading the investment is research-led venture capital fund MMC Ventures, alongside Mark Weatherford, former Deputy Under Secretary for Cybersecurity, U.S. Department of Homeland Security. Additional investors include Amadeus Capital Partners, Crane Venture Partners and CyLon.  The funding will allow Senseon to continue its rapid expansion in the UK and increase its presence in EMEA and the US.

21st February 2019

MMC continue to back Gousto as the business announces another £18m funding

UK-leading meal kit company, Gousto, has raised another £18m in equity funding, bringing the total raised since launch to £75m. Attracting new investment from global health influencer, Joe Wicks, along with all existing shareholders: MMC Ventures, Unilever Ventures; Hargreave Hale; BGF Ventures and Angel CoFund.

21st February 2019

GC Angels back GradTouch in £150K funding boost

Gradtouch, a Manchester Based job matching business, has received a funding boost of £150K from GC Angels, the angel investment arm of the Growth Company.

21st February 2019

Taking the financial headache away from SMEs

A recruitment business specialising in the financial sector has experienced rapid growth after developing a solution to a classic problem for SMEs.

The Finance People help small and medium sized enterprises to scale up by providing them with senior financial expertise often on flexible working contracts.

It takes a headache away from small business owners who often struggle to cope with the financial requirements that come with growing a business.

21st February 2019

ClearlySo makes new board appointments as it prepares for growth

 

ClearlySo, Europe’s leading impact investment bank, has announced that it has appointed Gillian Wilmot as chairman. 

21st February 2019

Octopus Investments becomes first manager to reach £1bn AUM

Octopus Investments “Octopus”, part of Octopus Group and the largest provider of venture capital trusts (‘VCTs’) in the UK1 has today announced it has passed the £1 billion milestone in VCT assets under management.

 

Octopus is the first and only investment manager to reach this milestone, which comes after recent fundraising. The assets are spread across Octopus’ four VCTs, which are currently supporting more than 200 portfolio companies.

20th February 2019

Jenson backs comms company FrontM

FrontM, which provides business ICT applications for enterprises operating in areas with little or no standard telecommunication infrastructure, such as Airplanes, ships and remote areas that rely on satellite network infrastructure to meet their operational and communication needs, has raised money from Jenson Funding Partners.

20th February 2019

Small businesses cautious ahead of Brexit says Small Business Finance Markets report

The British Business Bank’s 2019 Small Business Finance Markets report finds that some businesses expect an impact from Brexit, but many remain optimistic about growth.

An increasing proportion of smaller businesses expect Brexit to have a negative impact on their business (29%, up from 22% in 2017). Over one in three (34%) expect access to finance to become more difficult after departure, with only 3% expecting finding finance to become easier.

Overall, the demand for external finance has continued to fall, with just 36% of smaller businesses using external finance in 2018 (versus 44% in 2012). Despite these concerns, however, just over half (50.4%) still aspire to grow over the next 12 months.

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