Launched July 2023. £200m government fund administered by British Business Bank. Managed by 4 partners: SWIG, FW Capital, Maven Capital Partners, FSE Group. 200+ deals, c.£66m invested as of June 2025. Portfolio: Blueskytec (network software), Sendr, New Motion Labs, Tom Parker Creamery (dairy), plus 150+ SMEs. Focus on growth-focused SMEs with viable plans. Value-add: blend of debt/equity, co-invest leverage, regional intermediary network support.
Investment Focus
Investment Thesis
Government-backed regional fund (British Business Bank). Pre-seed to growth-stage SMEs. £25k-£5m cheques: smaller loans £25k-£100k (SWIG), debt £100k-£2m (FW Capital, FSE), equity £150k-£5m (Maven, FSE). Geographic focus: Bristol, Cornwall, Devon, Dorset, Gloucestershire, Somerset, Wiltshire. Multi-sector: tech, healthcare, pharma, renewable energy, manufacturing, digital, hospitality. Leverage private co-investment. Supports market-gap filling; avoids geographic exclusions.
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