A quarter of the UK’s fastest growing businesses present in British Business Bank’s Equity Portfolio

In a recent report on the UK’s top 100 fastest growing companies, almost a quarter have received equity finance supported by a British Business Bank Venture Capital funding programme.

Companies backed by the Bank include Lyst, the online fashion store in second place, and a total of four businesses in the top 10.

The Top 100 – Britain’s Fastest-growing Businesses 2018 report, that uses Beauhurst data and was produced by Syndicate Room, is measured by the multiple increase in valuation* from 2015 to 2018 rather than the more usual turnover growth. Under this measure, a total of 25 British Business Bank portfolio companies are listed, funded through delivery partners participating in its VC programmes, including:

• The Enterprise Capital Funds (ECF) programme, which targets the early stage equity gap and which has been successful in backing both established and emerging managers
• British Patient Capital (BPC), invests in venture and growth capital to enable long-term investment in innovative companies
• The United Kingdom Innovation Investment Fund (UKIIF), which now sits under British Business Investment, supported the creation of viable investment funds targeting high-growth technology businesses
• Angel Co-Fund, an active co-investment fund which operates independently under British Business Bank oversight, seeks to achieve consistent returns by partnering with experienced syndicates of angel investors to help fund early-stage businesses.