Business Growth Fund

Business Growth Fund

“Now is the time to hold our nerve and match long-term, patient capital with the ambition of home-grown business talent"

Sponsor foreword by Stephen Welton, CEO, Business Growth Fund

Huge congratulations to each of the businesses featured in London Stock Exchange Group’s 1000 Companies to Inspire Britain. It is a fantastic achievement, and one I hope you and your teams are enormously proud of.

The report serves as a reminder of the talent and ambition that exists amongst smaller and medium-sized businesses (SMEs) in the UK. This is BGF’s fourth year as sponsors and, I’m delighted to say, the third year we have featured as one of the 1,000 companies ourselves.

Our long-term equity investments are helping more and more SMEs to scaleup into the big businesses of tomorrow, with many featuring on this year’s list, including Castleton Technology, Hawk Group, Johnsons Aggregates, Medigold Health, PPS, Renal Services, Satellite Services Worldwide and The Coaching Inn Group. Working together with their management teams as a long-term investor, we’re helping them to seize opportunities, expand their reach, and strengthen their boards.

As a minority investor dedicated to British businesses, we don’t take control of the companies we back. And, we’re proud to be the global leader in providing equity capital for companies that want to grow. Equity investment as a whole soared to record levels over the past year, with recent data released by Beauhurst showing investment into high-growth British businesses reaching £8.3bn – more than double the previous 12 months. This is excellent news for SMEs, rightly touted as the lifeblood of the British economy, and especially promising, considering the continued uncertainty around Brexit.

However, there is still work to do. The number of Government-backed deals continues to reduce, the balance between domestic funding and foreign appetite needs to be redressed, and we need to do more to mobilise the large pool of domestic capital in the UK. Now is the time to hold our nerve and match long-term, patient capital with the ambition of home-grown business talent. As we’ve seen once again in this report – it is a force to be reckoned with indeed.

Congratulations again to every company listed. Here’s to another year of bright, bold, British growth.