commits over £3bn to back British business
Summary
The new commitment represents a step-up from the \xa32.3 billion deployed between 2020 and 2024, and is aimed at scaling support for growth and early-stage businesses that are the engine of the UK economy. As part of the \xa33 billion pledge, BGF is committing at least \xa3300 million to female-powered businesses, to support more diverse leadership in the UKs growth economy. Few investors have the nationwide reach to deploy capital at the scale required to make a meaningful difference to the UKs scaleup landscape, and this next phase is about leveraging our platform advantage to unlock even greater impact for UK plc.Debbie Wosskow OBE, Co-Chair of the Invest in Women Taskforce, commented: This is a historic moment. BGFs \xa3300 million commitment to female-powered businesses, which builds on the work of the Invest in Women Taskforce, is one of the largest ever made in the UK. It marks a turning point in how we back women-led enterprise and is exactly the kind of action that can start to reshape our business landscape for the better.