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Funding for Lending extended and ‘heavily skewed’ towards SMEs

The government's flagship business finance initiative, the Funding for Lending Scheme (FLS), has been extended until January 2015 and has been given a small business incentive.

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P2P sports gambling platform BuddyBet nets $3 million funding eight months after launch

A social networking-based online betting business set up in August 2012 has netted a $3 million investment from a number of private investors.

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City-based bar-restaurant group Drake & Morgan closes £30 million MBO

A second restaurant-based management buy-out of the week has seen Drake & Morgan complete a £30 million deal with help from Bowmark Capital.

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High growth companies in the UK rise by 10 per cent, says Business Growth Fund

The Business Growth Fund has identified 4,353 medium-sized enterprises which it says are showing 'high levels' of growth.

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Envestors leads funding injection into price comparison platform CompareFinanza.it

Private investor network Envestors has closed a new deal through the €5.3 million (£4.6 million) backing of insurance price comparison website CompareFinanza.it.

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LDC backs £50 million MBO of Bluebird and Coq d’Argent owner D&D London

Mid-market private equity house LDC has upped its interest in the retail and consumer sector by backing the management buy-out of restaurant group D&D London.

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Addison Lee drives over to Carlyle Group to fuel up for international growth

The Carlyle Group has made what it describes as a 'significant investment' in private hire service Addison Lee.

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Passion Capital and Accel Partners back financial technology firm GoCardless for second time

GoCardless has added to the $1.5 million (£976,400) it secured in February 2012 by netting a further $3.3 million through a deal with Accel Partners and Passion Capital.

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Addison Lee drives over to Carlyle Group to fuel up for international growth

The Carlyle Group has made what it describes as a 'significant investment' in private hire service Addison Lee.

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Passion Capital and Accel Partners back financial technology firm GoCardless for second time

GoCardless has added to the $1.5 million (£976,400) it secured in February 2012 by netting a further $3.3 million through a deal with Accel Partners and Passion Capital.

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Six new deals for London Business Angels as the network uses EIS and SEIS schemes

London Business Angels investors are backing six new companies, taking the network's 2013 deal count to 10.

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Dementia diagnosis firm Cambridge Cognition picks AIM to fund its growth

Neuropsychological testing business Cambridge Cognition has joined London's Alternative Investment Market.

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Adidas and Huge Boss online fitting service Fits.me closes £5 million Series A

Software firm Fits.me has netted £5 million through its Series A funding round so that it can develop its virtual fitting room services.

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Russ Shaw’s Tech London Advocates founded with Saul Klein and Sherry Coutu

Technology heavyweights including Sherry Coutu, Saul Klein and Julie Meyer are coming together to form Tech London Advocates with the aim of strengthening London's tech and digital business hub.

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