The Business Growth Fund has made its first investment to date in Wales – a £5.4m equity deal with Swanbridge Hire and Sales, a high tech industrial scaffolding services.
The investment will support its next growth phase, which will create 100 jobs over the next 3 years.
The BFG was set by the Government to back growth focused SMEs with equity investments ranging from £2m to £10m.
This deal in Wales takes its total investment across the UK to 17 with combined value of about £80m. The average deal value so far has been around £4.7m.