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Minister for Small Business announces new £40m British Business Bank-backed Enterprise Capital Fund for scaleup businesses

The recently appointed new Small Business Minister, Margot James, this afternoon announced the establishment of the British Business Bank’s 21st Enterprise Capital Fund, to be run by Active PE.
The announcement came during the minister’s visit to the ScaleUp Institute’s Manchester conference, supported by Goldman Sachs 10,000 small businesses and Innovate UK, and aimed at helping Local Enterprise Partnerships, cities and growth hubs deliver economic growth in their local areas.
Small Business Minster, Margot James, said: “Small businesses are at the heart of our economy and the whole country benefits when they grow and create jobs for people.
“The government-owned British Business Bank is helping more than 48,000 businesses with over £3.1bn of support, much of it going to those with high-growth potential.”

Active is a leading UK-based growth capital fund. They are sector specialists, focusing exclusively on consumer, leisure and retail businesses – where they have deep expertise and know-how. Active has a strong track record of partnering with entrepreneurs building both emerging and established brands. Current and past investments include the likes of Rapha, Soho House, LEON Restaurants, Finisterre and Evans Cycles. Read more