The Business Growth Fund (BFG) is calling on more manufacturing companies to apply for investment.
The BFG was set up to help small and medium-sized British businesses and says the manufacturing sector is lagging behind others when it comes to applying for capital investment.
“We have a significant amount to invest in UK companies looking for growth capital and have had much interest from other business sectors, so have been surprised that only 17% of the applications we’ve received to date are from manufacturers,” said Mark Bryant, BGF business director.
BGF is investing £2m-10m in businesses with a turnover between £5m-100m, taking only a minority stake. “BGF is building, not buying businesses,” said Mr Bryant.
He added that those firms that secure investment from BGF would receive more than just money. In addition to long-term capital investment, the fund offers companies a broad range of contacts that could assist growth.
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