Advantage Growth Fund

Advantage Growth Fund

The Advantage Growth Fund is a £17.5m fund established in 2003 as part of the UK government Regional Venture Capital Fund Initiative to invest in West Midlands based small and medium sized enterprises.

The Fund, which was able to make initial investments of up to £250,000, is now closed to new investments. It has a remaining portfolio of 6 companies across a range of sectors including software, telecoms and medical devices.

Midven has assisted companies in the portfolio raise additional funding, over and above that invested by the Advantage Growth Fund, in excess of £80m to date.

The Fund has achieved particular success in helping grow businesses with strategic value. Notable successes include:

  • Scriptswitch (36 times return on investment)
  • Allinea (21 times return on investment)
  • Dynamic Change (8 times)
  • Midland Industrial Glass (7 times)

The Fund was created with funding from the DTI Small Business Service (now the Department for Business Energy and Industrial Strategy), the European Investment Fund, Barclays Bank, the Royal Bank of Scotland, HSBC, the universities of Warwick, Coventry, Aston, Birmingham and Birmingham City and Midven.

The investment team for the Advantage Growth Fund is lead by Roger Wood.

Fund Facts

Current As At: 1st March 2017

Fund Amount £17.5m

>£80m Leverage, 46 Investments

19 Companies

Fund Managers

Associated Investments

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Case Studies

Case Study - Simworx

Summary: Nature of Business: Entertainment Simulators Year of Entry: 2008 Amount Invested: £552,682 Year of…

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Case Study - Midland Industrial Glass

Summary: Nature of Business: Glass processing Year of Entry: 2005 Amount Invested: £200,000 Year of…

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Case Study - Dynamic Change

Summary: Nature of Business: Risk Management Software Year of Entry: 2003 Amount Invested: £100,000 Year…

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Case Study - ScriptSwitch

Summary: Nature of Business: Software for NHS Year of Entry: 2002 Amount Invested: £254,642 Year…

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