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Capital growth investor, BGF, has pledged further investment in the North-west this year, after a record year of deals in 2021.
In 2021, BGF invested £70 million to support the rapid growth of businesses in the region. The investor also successfully exited from a record number of enterprises nationwide, including two Stockport-founded companies: nursery group Kids Planet, and beauty tech specialist, CurrentBody, where BGF sold its £50 million majority stake.
Neil Inskip, Head of BGF in the North West, said:
“We’re extremely fortunate in the North West to have an abundance of excellent entreprenuerial companies that are defying the current challenges, and committing to ambitious growth plans.
“We expect strong investment activity across the region to continue into 2022 and have a good pipeline with new investments and exits already well progressed.”
In light of its previous year’s performance in the region and current pipeline of activity, BGF has pledged to increase the level of investment in North-west firms in 2022. Neil Inskip added:
“We’re confident the region’s businesses have the growth potential, talent, and appetite to make 2022 another standout year, and we’re excited about supporting them on that journey.”
Nationwide, BGF delivered £600 million of investment in 2021, across 67 deals.