BGF pledges £100 million investment in Welsh businesses
This new pledge builds on BGF's previous investment of £47 million in Wales since 2011.
The firm aims to scale businesses in every part of the UK with its regional-first strategy.
As part of the £3 billion pledge, BGF has committed £300 million to female-powered businesses across the UK.
This is one of the largest initiatives of its kind.
Since 2011, BGF portfolio companies across the UK have generated £7.1 billion in revenue growth, £1 billion in export growth, and created more than 27,000 jobs.
Hannah King, BGF investor, said: "We're proud of our track record in Wales and excited to increase our investment through this £100 million commitment.
"Welsh businesses have enormous potential, and we're here to provide the capital and support to help them grow and scale sustainably."
This commitment is part of BGF's broader strategy to increase investment from the £2.3 billion deployed between 2020 and 2024, accelerating business scaleup across the UK.
BGF provides patient minority capital and strategic support to early-stage and growth-stage companies. Its regional teams, including in Cardiff, work closely with founders to deliver tailored support.
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