B2 Group secures £1.1 million funding

B2 Group has secured £1.1 million funding from the Northwest Regional Development Agency.

The funding came from the Northwest Interim Venture Capital Fund, which is currently managed by YFM Private Equity.

Manchester-based B2 Group is a business-to-business marketing company that works in the UK SME sector, with clients in sectors including telecoms and banking.

Founded in 2008, B2 Group currently employs 30 people, a number the company intends to double in 2010.

Deborah Heyes, who led the investment on behalf of YFM, says: ‘The team has significant plans for growth and we are delighted to provide support at this crucial stage of development.’

Robert Hough, chairman of the NWDA, comments: ‘As the finishing touches are being applied to the £185 million North West Fund I am delighted to see that our Interim Venture Capital Fund has successfully filled the gap in public sector venture capital support.’

The investment included funding from a number of high net worth individuals and directors of B2 Group.

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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