British Business Investments has today announced a further commitment to Pan-European firm Claret Capital Partners, with a new co-investment fund, to invest in high-growth technology enabled smaller businesses across the UK.

The size of the fund has not been disclosed, though Claret Capital Partners launched a €72 million Opportunity Fund last summer.

British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, aims to improve access to alternative finance for smaller businesses across the whole of the UK, while supporting the UK’s transition to a net zero economy. Since it was established in 2014, British Business Investments has committed more than £3.8 billion to providers of finance to UK smaller businesses.

British Business Investments has built a longstanding relationship with Claret, having previously invested in the HEGCF II and Claret European Growth Capital Fund III.

Adam Kelly, Managing Director, British Business Investments said:

“This additional commitment will enable Claret to back high-growth technology companies across the UK with capital to innovate and drive growth. By supporting capital providers like Claret, British Business Investments is able to continue to help ambitious businesses achieve their growth potential.”
David Bateman, Managing Partner, Claret Capital Partners added:

“We are thrilled to announce this further support from British Business Investments in Claret, underscoring our shared commitment to fostering innovation and driving growth in the technology sector.”
Johan Kampe, Managing Partner, Claret Capital Partners said:

“We are delighted to further expand our relationship with British Business Investments and are grateful for their ongoing support to Claret, and the entrepreneurs and businesses which we back.”