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Debt Capital Factors receives £ 20m from BBI to address ‘regional inequalities’

British Business Investments (BBI) is investing £ 20m in Manchester-based Tosca Debt Capital, which invests in small businesses.

“The recent pandemic has had a devastating effect on all sectors of the UK economy and there is no doubt that less has been the hardest,” said Gary Davison, founding partner of Tosca Debt Capital.

The investment was made in the Tosca Debt Capital Impact Fund, which has already closed £ 40m to make investments ranging from £ 1m- £ 5m. Focusing on companies in the North, Tosca makes investments aimed at creating new jobs.

The Tosca Debt Capital fund, led by Vicki Daly and Gary Davison, invests across all sectors.

Founded in 2015, the investor portfolio Includes Catalis, Silentnight and Plimsoll Productions.

Davison added: “We are committed to maintaining investment in our community and hope that this new fund will help address post-pandemic regional imbalances that will create new jobs and stimulate growth in the North.”

BBI is a subsidiary of the British Business Bank, the UK government’s economic development bank. The company estimates that it has invested over £ 3bn since 2014.

Judith Hartley, CEO of British Business Investments, said: “This £ 20m commitment from British Business Investments to the TDC Impact Fund will help growing small businesses in the North to access the additional investment capital they need to grow.

This follows the BBI’s recent £ 5m investment SFC Capital based on cesire and an additional £ 5m into members Praetura Ventures lives in Manchester.

“The objectives of British Business Investments are to ensure that small businesses can access as diverse a range of financial options as possible and to reduce regional disparities in access to finance.”



Debt Capital Factors receives £ 20m from BBI to address ‘regional inequalities’

Source link Debt Capital Factors receives £ 20m from BBI to address ‘regional inequalities’

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