£2.5bn Fund Targets Growth Opportunities

Story from Yorkshire insider 

The launch of the £2.5bn Business Growth Fund will help focus investors on growth opportunities across the country, according to accountancy firm PwC. The fund is set to launch tomorrow (19 May).

The new finance package will be "welcomed by businesses across the UK at a time when some lenders continue to be cautious", said PwC.

Russell Worrall, partner at PwC, said: "In some cases, SMEs have been finding it difficult to obtain finance for their growth plans. The launch of the Business Growth Fund provides a welcome alternative source of finance for businesses focused on growth and is likely to boost investment activity in the region.

"The arrival of the Business Growth Fund will add impetus to the investor marketplace as a whole and help to turn interest into more action."

The Business Growth Fund is officially launching tomorrow (19 May). It aims to help businesses with a turnover between £10m to £100m.