Creative Growth Finance, the specialist lender for the creative industries, is partnering with the British Design Fund on their recently launched Fund 3, expanding an investment approach that champions and supports the UK’s creative businesses.
The British Design Fund provides investment and mentoring to early-stage product design and manufacturing businesses based in the UK. Established by creative industry experts Creative England, Creative Growth Finance provides vital scale-up finance to the UK’s most promising creative businesses.
Through the partnership, Creative Growth Finance will collaborate with the British Design Fund to identify innovative UK design businesses to invest in, providing access to financing to accelerate their growth.
The UK has the second largest design sector in the world, and the largest in Europe, producing some of the world’s leading inventors and product innovators. However, despite this heritage, there is a significant funding gap for early-stage businesses within this sector. Through this partnership, the British Design Fund and Creative Growth Finance intend to address this need.
Mehjabeen Patrick, CFO at Creative England said: “The British Design Fund is focused on an exciting sector of the creative economy which is being under-financed and poorly supported. Creative Growth Finance shares the belief that user-centred, well-designed products need better support and funding, and this partnership furthers our commitment to British design and entrepreneurialism. We look forward to a long-term collaboration with the team at the British Design Fund, and are pleased to expand our investment portfolio into another sector of the creative industries”.
Damon Bonser, CEO of the British Design Fund said: “We are delighted that Creative Growth Finance have come on board and we look forward to working with them to build an impactful portfolio of great British design and manufacturing businesses”.
BDF3 is currently open to investors, more information is available via www.sapphirecapitalpartners.co.uk/the-british-design-fund-3