BGF, the UK’s most active growth capital investor, has pledged £200 million to Scottish businesses as part of its £3 billion UK-wide commitment to support high-potential companies over the next five years.
This builds on the £391 million already invested in Scotland since 2011. BGF’s regional-first approach is designed to address disparities in capital access and support entrepreneurial ecosystems across the UK.
As part of the broader national pledge, BGF has also committed £300 million to female-powered businesses across the UK, making it one of the largest initiatives of its kind. This follows a £25 million commitment to the Invest in Women Taskforce (IWT), which helped unlock over £250 million in 2023.
Since 2011, BGF portfolio companies across the UK have driven £7.1 billion in revenue growth, £1 billion in export growth, and created more than 27,000 jobs. With 74% of its capital invested outside London and the South East, BGF is uniquely placed to reduce regional inequalities.
Paddy Graham, Regional Partner, Scotland and Northern Ireland, said: “Scotland has long been recognised for its innovation and entrepreneurial energy. Our new £200 million commitment builds on a strong foundation and is focused on unlocking even more opportunities for Scottish scaleups to thrive.”
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Debbie Wosskow OBE, Co-Chair, Invest in Women Taskforce comments on BGF’s £300 million commitment: “This is another historic moment. BGF’s 10% commitment to female-powered businesses is significant; at £300 million in total, it builds on our already groundbreaking progress with the Invest in Women Taskforce, and is one of the largest ever made in the UK.”
The new £3 billion commitment from BGF significantly increases the £2.3 billion invested between 2020 and 2024. The capital will be deployed across sectors to accelerate economic growth and support entrepreneurs in Scotland.
For more information visit www.bgf.co.uk
