Scotland’s entrepreneurs are set to benefit from a major new partnership between
BGF, the UK’s most active provider of growth capital, and Entrepreneurial Scotland,
the country’s leading organisation for entrepreneurial leaders.
BGF has become a corporate partner for Entrepreneurial Scotland (ES), which was
created in 2014 through the merger of the Entrepreneurial Exchange and the Saltire
Entrepreneurial Scotland’s networks include more than 1000 of Scotland’s current
and future entrepreneurial leaders who collectively employ 150,000 people and
generate revenues of around £17 billion. ES Leaders exchange network is ambitious
to help even more businesses in Scotland to scale up and grow.
BGF – which was setup in 2011 by Barclays, HSBC, Lloyds Banking Group, Royal
Bank of Scotland and Standard Chartered – initially invests between £2m and £10m
into a business in return for a minority equity stake, and can provide additional
funding to support continued growth.
It backs businesses that are privately-owned or quoted on the Alternative Investment
Market (Aim) and typically have revenues of between £5m and £100m. As well as
providing cash to fuel growth, BGF provides its portfolio companies with access to its
Talent Network of experienced chairs, non-executive directors and other specialists
who can help to grow businesses.
Patrick Graham, BGF Investor, said:
“Becoming a corporate partner of Entrepreneurial Scotland is an important milestone
for BGF. Since we were founded in 2011, we’ve invested more than £100m in 16
companies in Scotland, which demonstrates our commitment to the nation’s
“Many of the entrepreneurs who have received financial backing from us are already
members of Entrepreneurial Scotland and we know that they benefit greatly from its
inspirational development programmes and access to a global network of leaders.
“The work that Entrepreneurial Scotland does in sharing members’ experiences
chimes well with our Talent Network, through which experienced directors inject their
expertise into our portfolio companies.”
Sandy Kennedy, CEO of Entrepreneurial Scotland, added:
“Bringing together the UK’s leading growth finance provider with our members, who
are entrepreneurs and those who are leading businesses, is an important step
towards achieving our ambition of Scotland becoming the most entrepreneurial
society in the world.
“Our corporate partners are limited to key organisations with a significant presence in
the Scottish business community, a track record of backing entrepreneurial leaders
and encouraging business growth, and who can offer distinct value to our members.
“BGF bring expertise, experience and resources to help to fulfil our vision by inspiring
and developing Scotland’s entrepreneurial leaders.”
BGF joins the ES group of corporate partners, that includes: accountancy firms EY
and Johnston Carmichael; law firms Pinsent Masons and Turcan Connell; economic
development agency Scottish Enterprise and the leading investment bank UBS.
Entrepreneurial Scotland’s corporate partners provide its network with access to
expertise, experience and resources to help them grow and scale their businesses.