26th May 2022CEO of British Business Investments appointed to Government taskforce
21st April 2022Green Angel Syndicate welcomes £10m from British Business Investments to combat climate change
5th April 2022British Business Investments commits additional £15m to Compass Business Finance
24th March 2022British Business Investments commits up to €20m to Bootstrap Europe III
25th January 2022British Business Investments commits £15m to Roma Finance
22nd December 202124Haymarket secures £10m commitment from British Business Investments
9th December 2021Beechbrook Capital achieves a first close on its third UK SME Credit fund
29th November 2021British Business Investments announces £7m commitment to FOLK2FOLK
22nd November 2021British Business Investments – Annual Report 2021
22nd November 2021British Business Investments – Full year results for the period ending 31 March 2021
5th November 2021British Business Investments announces £5m commitment to Green Angel Syndicate through Regional Angels Programme
1st November 2021British Business Investments announces new £30m commitment to Mobeus Equity Partners
27th October 2021Autumn Budget and Spending Review 2021
16th September 2021British Business Investments announces new £15m commitment to Liberty Leasing
10th August 2021Praetura Ventures secures £15m commitment from British Business Investments through the Regional Angels Programme
16th June 2021Isomer Capital announces first close of new €100m opportunities fund
3rd June 2021British Business Investments announces new £50m commitment to Apera Asset Management
27th May 2021Deepbridge secures £15m commitment from British Business Investments
24th March 2021British Business Investments announces new £10m commitment to Co-Fund NI through Regional Angels Programme
16th March 2021MML Ireland Announces Close of €135 Million Private Equity Fund Raised for Investment in Irish SMEs
27th January 2021British Business Investments announces new £10m commitment to Syndicate Room
19th January 2021British Business Investments commits €40m to Claret Fund III at first close
22nd December 2020Liberis adds £70m funding and venture debt to grow embedded business finance platform and help SMEs weather the COVID storm
11th December 2020British Business Investments announces new £25m commitment to Haydock Finance
26th November 2020Newable Ventures and Bristol Private Equity Club secure £10m commitment from British Business Investments
11th November 2020British Business Investments – Full year results for the period ending 31 March 2020
11th November 2020British Business Investments – Annual Report 2020
10th November 2020British Business Investments announces new £15m commitment to Compass Business Finance
5th November 2020British Business Investments announces new £30 million commitment to back UK SMEs through Funding Circle’s UK SME Direct Lending Fund
28th October 2020FDC launches new £100 million debt fund with investment from the West Midlands Pension Fund and British Business Investments
28th October 2020Assetz Capital secures additional £25m from British Business Investments
27th October 2020British Business Investments appoints Adam Kelly as new Managing Director
17th September 2020British Business Investments announces £30m Tier 2 investment in Shawbrook Bank as part of a £75 million capital raise
3rd September 2020British Business Investments announces a commitment of up to €75m to new Isomer Capital fund of funds, aimed at early stage venture capital managers
18th August 2020British Business Bank appoints CEO on an interim basis of commercial subsidiaries British Business Investments and British Patient Capital, along with new Chairs
9th July 2020British Business Investments announces a commitment of up to €120m to LGT Capital Partners funds
10th June 2020British Business Investments CEO appointed Interim CEO, British Business Bank
4th June 2020British Business Investments commits up to £40m to Columbia Lake Partners UK LLP’s second fund
13th May 2020British Business Investments commits £35m to Harwood Private Capital UK LP (“HPC UK SME Fund”)
23rd April 2020British Business Investments commits £10m to Startup Funding Club
17th April 2020British Business Investments and Par Equity to deliver £75m of investment to support ambitious entrepreneurs in the regions
20th March 2020Statement from the CEO with regards to the Coronavirus outbreak
13th March 2020Assetz Capital secures £15m British Business Investments funding to help boost UK housebuilding
11th March 2020Budget 2020: British Business Investments Response
4th February 2020British Business Investments commits £50m to fund targeting North and Midlands based businesses
27th December 2019Keith Morgan, Chair, British Business Investments, awarded CBE for services to small business finance
17th December 2019British Business Investments commits up to £100m to Hermes GPE in second cornerstone commitment through its Managed Funds Programme
30th October 2019British Business Investments makes £15m Tier 2 capital facility available to PCF Bank
16th October 2019British Business Investments – Full year results for the period ending 31 March 2019
16th October 2019British Business Investments Annual Report 2019
19th September 2019British Business Investments provides £25m funding line to North West asset finance provider Kingsway
12th September 2019British Business Investments commits £10m to Dow Schofield Watts Angels as first partner in Regional Angels Programme
4th September 2019British Business Investments commits up to €100m to Top Tier Capital Partners’ first vehicle dedicated to European Venture Capital
15th May 2019British Business Investments commits €27m to Bootstrap Europe II
2nd May 2019British Business Investments commits £50m to BOOST&Co’s Second Fund
6th March 2019Beechbrook Capital’s second UK SME Credit Fund reaches first close at £128m and completes first two investments
18th February 2019British Business Investments commits £20m to ThinCats to provide more debt finance to UK businesses
29th October 2018Autumn Budget 2018
23rd October 2018British Business Investments – Full year results for the period ending 31 March 2018
23rd October 2018British Business Investments Annual Report 2018
2nd October 2018British Business Investments makes £25m Tier 2 investment in Secure Trust Bank PLC
1st October 2018British Business Investments launches new £100m programme to support regional angel investment
1st October 2018Catherine Lewis La Torre appointed CEO of British Business Bank’s commercial patient capital activities
27th June 2018British Business Investments commits £31.15m to IQ Capital Fund III to support deep tech companies
16th May 2018British Business Investments provides £12m to asset finance specialist Universal Leasing Ltd
15th May 2018British Business Investments launches new £500m programme to increase access to patient capital
3rd May 2018Growth Capital firm Oxx announces first close of debut fund with commitment from British Business Investments
17th April 2018British Business Investments commits to Dawn Capital’s new venture capital fund
11th April 2018British Business Investments provides new finance facility to Liberis
28th February 2018British Business Investment commits £20m to new venture capital model from Kindred Capital
6th February 2018British Business Investments commits to a £30m boost for smaller businesses
22nd December 2017British Business Investment’s latest commitment boosts regional finance options for UK smaller businesses
11th December 2017British Business Investments commits £30 million at the first close of Shard Credit Partners first direct lending fund
4th December 2017British Business Investments and IGF to increase SME funding with new cash injection
30th November 2017British Business Investments commits £15m to Balderton’s new $375m fund
24th November 2017Budget 2017
23rd November 2017News from our partners – Seedcamp celebrates 10 year anniversary with £41M first close seed fund to invest in next generation of European entrepreneurs
16th November 2017British Business Investments commits £20m to £100m FPE Capital fund
16th November 2017Catherine Lewis La Torre at this year’s BVCA Summit
21st September 2017British Business Investments – Full Year Results for the Period Ending 31 March 2017
21st September 2017View our Annual Report for 2016-17
3rd August 2017British Business Bank Investments Ltd commits €40 million in first closing for Harbert European Growth Capital Fund II.
10th July 2017GCP caps a successful year with a £40m investment from British Business Bank Investments Ltd to complete the final close of Fund IV at £205m
29th June 2017BOOST&Co Limited secures additional £20m commitment from British Business Bank Investments Ltd for its Industrial Lending 1 fund
21st June 2017Atom bank secures £30m Tier 2 capital facility from British Business Bank Investments Ltd
21st April 2017British Business Bank Investments Ltd provides £6.6m of funding to Shire Leasing to boost asset finance for smaller businesses
2nd February 2017Beechbrook Capital closes £150m UK SME Credit I and backs two more businesses
18th January 2017British Business Bank Investments Ltd makes £400m from Autumn Statement available to venture capital funds
5th January 2017British Business Bank expands partnership with Funding Circle
8th November 2016British Business Bank Investments Ltd announces £10m commitment to new £260m technology fund
20th September 2016British Business Bank Investments Ltd – Full Year results for the period end 31 March 2016
20th September 2016View our Annual Report for FY2015-16
13th September 2016British Business Bank Investments Ltd commits £18m to northwest-based asset finance provider, enabling a £36m boost to smaller business growth
3rd August 2016British Business Bank Investments Ltd partner Beechbrook Capital holds first close on latest private debt fund
20th July 2016British Business Bank Investments Ltd provides £16.5m line to Northwest asset finance provider Kingsway under new expansion capital initiative
16th June 2016British Business Bank Investments Ltd names Catherine Lewis La Torre as Chief Executive Officer
17th May 2016British Business Bank Investments Ltd invests in Frog Capital II
14th April 2016British Business Bank Investments Ltd invests £30 million in first close of CORDET Direct Lending fund
31st March 2016British Business Bank Investments Ltd invests in Atlantic Bridge III, a new €140 million fund for Technology companies
22nd March 2016British Business Bank Investments Limited partners with Liberis to support funding for smaller UK businesses
10th March 2016British Business Bank Investments Limited publishes half year results for the six months ended 30 Sept 2015
22nd February 2016View our annual report for FY 2014-2015
19th February 2016British Business Bank Investments agrees £25m facility with Haydock Finance
19th January 2016British Business Bank Investments Ltd invests in new UK Private Debt Fund from Muzinich & Co
19th January 2016British Business Bank Investments Ltd – Annual Results and publication of 2015 Annual Report and Accounts
4th January 2016British Business Bank Investments Ltd-supported Beechbrook Capital’s inaugural UK SME Credit Fund holds first close at more than £100m
29th October 2015British Business Bank’s commercial arm supports UK SMEs with investment in Shawbrook Bank
17th September 2015British Business Bank’s VC Catalyst Fund invests in Nauta
27th March 2015British Business Bank Investments Limited makes €6m clean technology investment
2nd February 2015British Business Bank Investments backs Northwest asset finance provider with £5m investment, introduces new expansion capital initiative
31st October 2014£80 million boost for leasing finance as British Business Bank focuses on alternative lending for smaller businesses
24th September 2014British Business Bank partner BMS Finance provides debt finance to Whittle, one of the UK’s leading commercial painting contractors
2nd September 2014British Business Bank boosts European Capital UK SME fund to £100m to help provide debt finance to UK’s smaller businesses
6th August 2014Making Britain the global centre of financial innovation – £100m extra for British Business Bank Investment Programme
25th February 2014New £40m investment by British Business Bank to support £450m of lending to smaller businesses
17 April 2020: British Business Investments, a commercial subsidiary of the British Business Bank, has announced a new £15m commitment to Par Equity as the latest partner in its Regional Angels Programme.
The funds from British Business Investments will be invested by Par Equity alongside the Par EIS Fund and the Par Investor Network to deliver over £75m of new funding for scale-up businesses primarily in the North of England, Scotland and Northern Ireland.
The £15m commitment from the Regional Angels Programme will help to drive further investment into promising scale-up businesses in these parts of the UK. The Programme will also help with Par Equity’s follow-on investment activity, ensuring that the portfolio receives the capital it needs to reach critical milestones.
The Par Investor Network, with nearly 200 members, invests alongside the Par EIS Fund to create a distinct, operationally focused investment model where professional investors and experienced business angels add value to businesses throughout the investment lifecycle.
The announcement comes as Par Equity completes a £1.6m investment into EC-OG, drawing on the pledged capital from the Regional Angels Programme for the first time. EC-OG has launched Halo, a subsea power hub, providing efficient, autonomous energy management for subsea applications. The company leverages its proprietary technology with deep sector expertise to service customers at a fraction of the cost of incumbent subsea power solutions. The investment will support a scale-up phase for the business, creating up to 40 jobs in Aberdeen over the coming 12 months.
Catherine Lewis La Torre, CEO of British Business Investments, said: “Angel investors play a vital role in the economy, bringing patient capital, business experience and skills to support the growth of smaller businesses. Our Regional Angels Programme is designed to address regional imbalances in the availability of angel finance by increasing the capital available to smaller, high growth potential, businesses through angel networks.”
Mark Barry, Senior Investment Manager, British Business Investments, said: “This £15m commitment from British Business Investments will enable Par Equity to increase its support for smaller businesses in the North of England, Scotland and Northern Ireland at a time when the business know-how and financial support that angel investors can deliver is needed more than ever.”
Paul Munn, Managing Partner of Par Equity, said: “Par Equity’s investment model, combining our EIS Fund with experienced business angel investors and co-investment capital, is a powerful recipe for providing patient capital. We already benefit from a flow of high quality investment opportunities and this commitment from the Regional Angels Programme will bring us increased financial firepower. It will help us enhance our growing reputation as the investment partner of choice for the best young companies in the regions and help them to attract the talent they need to realise their potential.
“At Par Equity we have long recognised and supported the opportunities offered by entrepreneurs and their companies based in the North. That philosophy is now in line with government thinking and this funding will enable us to leverage our network to find the best young companies to invest in, delivering value to them and the whole economy.”
Since it was founded in 2008, Par Equity has invested more than £70m in 57 companies and the portfolio has attracted over £110m of further investment from third party investors.
EC-OG joins Par’s portfolio of emerging stars such as: Current Health, a leading Edinburgh-based remote-patient monitoring platform; BrainwaveBank, the Belfast-based creator of a wearable headset device for EEG brain scanning that measures the mechanisms underpinning neurological disorders and therapies; and NPT, a Middlesbrough-based, cleantech company with a patented process to convert non-food plant residue into biofuels and chemicals. Other successful investments include deltaDNA, an Edinburgh-based analytics company, sold to Unity Technologies in 2019, ICS Learn, a Glasgow based distance learning business, bought by Primary Capital in 2018, and PathXL, a Belfast-based digital pathology solution, acquired by Phillips Healthcare in 2016.
The Regional Angels Programme helps reduce regional imbalances in access to early stage equity finance for smaller businesses across the UK, because it plays an important role in funding businesses with growth ambitions. The programme aims to address this issue by increasing the availability, supply and awareness of angel and other early-stage equity investments across the country, particularly in areas where this type of finance is less readily available.
The Regional Angels Programme works by committing funds for investment alongside business angels and other early stage equity investors, acting as a catalyst to bring longer-term capital to smaller businesses with growth ambitions. Launched in 2018, it forms part of the Government’s response to the Patient Capital Review.
Like all British Business Investments programmes, the new programme expects to generate a market rate of return on its investments and will be investing on a commercial basis.
For more information:
Senior Communications Manager
020 377 21312 / 07880 063 474
0131 556 0044
The British Business Investments team at MHP Communications
Phone: 020 3128 8589
Par Equity is an award-winning venture capital firm, based in Edinburgh, investing in innovative technology companies with high growth potential.
Founded on the principle of equality, fund investors and professional business angels share the same terms and the same rewards across a broad range of opportunities. This investment strategy, fusing the best elements of angel investing with the professionalism and rigour of a traditional venture capital fund, is what Par describes as its Network Effect – a large and engaged investor network with a track record founding, growing and selling companies, who can add value throughout the investment life cycle.
The firm’s evergreen Par EIS fund is available to retail investors who want a hands off exposure to venture capital and EIS, providing them with a diversified portfolio of six to eight software and hardware technology companies, with the potential for significant capital gains.
Par Equity won a hat-trick of awards recognising the firm’s exit from online educator ICS Learn – ‘Best EIS Investment Exit’ at the EIS Association Awards 2019, ‘Exit of the Year’ at the Growth Investor Awards 2018 and ‘Best Exit of the Year’ at Investment Week’s Tax Efficiency Awards 2018. The firm was also a finalist for the Best EIS Investment Manager award at the 2019 Growth Investor Awards.
British Business Investments is the trading name of British Business Investments Ltd, a wholly-owned commercial subsidiary of British Business Bank plc, the UK government’s economic development bank. It forms part of the British Business Bank’s commercial arm.
British Business Investments aims to earn a commercial return by investing – through finance providers – in smaller businesses and small mid-caps, pursuing investments on a fully commercial basis without receiving any economic advantage from the government. Find out more at bbinv.co.uk.
British Business Bank plc and its subsidiary entities are not banking institutions and do not operate as such. Neither British Business Bank nor its principal operating subsidiaries are authorised or regulated by the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA). A complete legal structure chart for British Business Bank plc and its subsidiaries can be found on the British Business Bank plc website.
The funding from British Business Investments into Par Equity does not amount to any endorsement or warranty from British Business Investments, the British Business Bank plc, or the government of the UK.BACK