How 5 Banks Rebuilt the UK using Startups

Описание: In the aftermath of the 2008 financial crash, many ambitious entrepreneurs and small businesses found themselves facing a daunting challenge: securing the necessary funding to foster growth and expansion. That's where the Business Growth Fund (BGF) came into the picture, a game-changer in the world of business finance.

In 2011, the Business Growth Fund emerged as a transformative force, representing the collective efforts of five major banks—HSBC, NatWest, Lloyds, Barclays, and Standard Chartered. With a shared vision to address the pressing needs of budding enterprises, BGF embarked on a journey to revitalize the UK's business landscape.

The BGF model is as ingenious as it is straightforward. They invest substantial amounts, ranging from £1 million to £20 million, in exchange for an equity share varying between 10% and 40%. Imagine them as turbocharged Dragons from the popular TV show - but with an even broader impact.

Their track record speaks for itself. BGF has been instrumental in propelling remarkable success stories, including household names like Gousto and Joe & Seph’s. They've also played a pivotal role in supporting cutting-edge quantum technology companies like M Squared, pushing the boundaries of innovation.

To date, BGF has poured over £3.6 billion into promising ventures, making even the formidable Dragons from the den look like mere mice in comparison. The ripple effect of their investments has been nothing short of astounding, with their entire portfolio contributing to the creation of an impressive 60,000 jobs across the UK.

Now, at the helm of this financial powerhouse, we find Andy Gregory, a leader with an unconventional background for a growth capital investor. Join us as we delve deeper into the intriguing journey of the Business Growth Fund, its impact on UK startups, and the remarkable individuals driving this quiet revolution in business finance. Discover how this unique alliance of banks is reshaping the future of entrepreneurship, one investment at a time.

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Credits:
Executive Producer / Host: Jimmy McLoughlin OBE
Producer: Sunny Winter