British Business Bank leads financing of first ‘Super-ECF’

The British Business Bank has led the successful financing of the first in an enhanced class of Enterprise Capital Funds (ECFs), contributing a £25m investment to IQ Capital Fund 2, worth a total of £42m.

The new fund, also supported by £17m of private backing, will be able to make individual investments of up to £5m into portfolio companies, well above the previous limit of £2m.

Read the full story on the Angel News website.