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SFC Capital receives £5m from British Business Investments

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SFC Capital receives a further £5m as part of BBI's Regional Angels Programme to deploy into startups across the UK

Cheshire-based seed-stage investment firm SFC Capital has received a further £5m commitment from British Business Investments (BBI), as part of its Regional Angels programme.

Through the programme, BBI wants to reduce “regional imbalances” in UK small business financing.

Its investment follows on from an earlier £10m commitment in 2020. SFC Capital plans to use the £5m capital to back 200 early-stage businesses.

“Angel investors and early-stage funds are an essential part of the startup ecosystem and we believe that this kind of support, along with the preservation of the SEIS and EIS schemes, will allow the UK to retain its leadership as the innovation hub of Europe,” said Joseph Zipfel, chief investment officer, SFC Capital.

This follows BBI’s investment of £5m yesterday into Manchester-based venture capital firm Praetura Ventures.

Founded in 2012, SFC Capital now has over £100m under management and a portfolio of more than 200 companies outside of London. Recent investments include internet of things startup FourJaw.

BBI is a subsidiary of the UK government’s economic development bank, the British Business Bank.

Judith Hartley, CEO, British Business Investments, said: “Our Regional Angels programme is designed to address imbalances in access to early-stage finance in the UK, and to increase the overall amount of capital available to smaller businesses through angel networks.”

SFC Capital was listed in UKTN’S roundup of four Britsh VC funds that are investing in Northern tech startups.

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SFC Capital Ltd (SFC) is an appointed representative of SFC Capital Partners Ltd which is authorised and regulated by the Financial Conduct Authority (‘FCA’) in the United Kingdom (FRN 736284). This website is intended for professional investors only; any reproduction of this information, in whole, or part, is prohibited. The content is for information purposes only and should not be used or considered as an offer or solicitation to purchase or sell any securities.

Investment in early-stage companies involves risks such as illiquidity, lack of dividends, loss of investment and dilution. Investment in SEIS/EIS eligible companies should be considered as part of a diversified portfolio. The availability of tax relief depends on individual circumstances and may change in the future. The availability of tax relief depends on the company invested in maintaining its SEIS/EIS qualifying status. There is no assurance that the investment objectives of any investment opportunity will be achieved or that the strategies and methods described herein will be successful. The investment products cited herein may place capital at risk and therefore investors may not get back the full amount invested. Past performance is not necessarily a guide to future performance and the value of an investment may go down as well as up. Investors may not get back the full amount invested. Companies’ pitches for investment are not offers to the public and investments can only be made by members of SFC Capital. SFC Capital takes no responsibility for this information or for any recommendations or opinions made by the companies. Neither SFC Capital nor any of its employees provide any financial or tax advice in relation to the investments and investors are recommended to seek independent financial and tax advice before committing. This website is not directed at or intended for publication or distribution to any person (natural or legal) in any jurisdiction where doing so would result in contravention of any applicable laws or regulations. No warranties or representations of any kind are expressed or implied herein. This material is confidential and is the property of SFC Capital.

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