The FSE Group launches £70M+ London growth fund to back underserved scaleups

The FSE Group has launched the Future London Growth Fund, a new debt fund designed to support the growth of ambitious scale-up businesses across London’s 32 boroughs and the City of London. The Fund is backed by cornerstone commitments from the British Business Bank and the Mayor of London’s investment arm, Funding London. Through its investment entity, GLIF Limited, Funding London has invested in the Fund as part of the Mayor of London’s ambition to support economic growth through the London Growth Plan. The Fund expects to deliver more than £70 million of lending and is targeting founders and businesses that may be overlooked or underserved by traditional finance providers.  While London is home to one of the world's leading financial centres, many smaller businesses across the capital still face gaps in access to growth finance. According to a report by the British Business Bank, entrepreneurs operating in economically deprived urban areas can face additional barriers to finance