27th May 2011
Categories: Business News
A new Business Growth Fund, backed by five of the UK’s main banking groups, has been established to take equity investments in British companies. The fund, set up after a recommendation by the British Bankers Association’s Business Finance Taskforce last year, will invest between £2m and £10m in individual businesses in return for a minimum 10% equity stake and a seat on the board for a Business Growth Fund director.