�Millions on offer to grow Herts businesses

A chamber of commerce is helping to launch a �2.5 billion government initiative to help businesses grow.

The Hertfordshire Chamber of Commerce and Industry is working with the recently launched Business Growth Fund (BGF) to promote an initiative to make more funding available to growing companies in the county.

The chamber is hosting a breakfast briefing so qualifying companies can hear how they can benefit from the fund.

Chamber chief executive, Tim Hutchings, said: “Growing companies have struggled to access the funds they need to expand and create new jobs. I hope that this initiative will go some way toward relieving that problem.”

The project aims to invest between �2 million to �10 million in dynamic, growing, UK-based companies with sales of over �8 million a year. The BGF is offering long-term partnership to help business growth, and to provide a valuable network of contacts across the UK and globally.

The fund will be introduced to Hertfordshire businesses at Sopwell House Hotel, St Albans on July 12, chaired by fund CEO, Stephen Welton.

In addition to networking over breakfast, companies will be able to meet professional BGF investment managers in one to one surgeries to discuss individual growth plans in confidence, a chamber spokesman said.

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