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British Business Investments commits initial £20m to Beach Point Capital Management

British Business Investments has made a £20 million to funds managed by Beach Point Capital Management (Beach Point).

Beach Point has successfully run funds in the United States and Ireland and is now expanding into the UK market. This commitment by British Business Investments will enable Beach Point to make investments of between £2 million and £5 million to smaller UK businesses with high growth ambitions.

Beach Point will invest across all regions of the UK, though will particularly target Northern Ireland, where it is intended that a minimum of £10 million will be invested, and the North of England and Scotland, where Beach Point has a strong adviser network.

British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to increase the supply and diversity of finance for smaller businesses across the UK by boosting the lending capacity of a range of finance providers. Since it was established in 2014, British Business Investments has committed more than £3 billionn to providers of finance to UK smaller businesses.

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