Independent asset manager BOOST&Co has achieved a major business milestone as its North team, which has bases in Manchester and Leeds, has now provided more than £115m of growth capital to innovative UK SMEs.
The team has more than tripled in size since the first Northern office was opened in Manchester in October 2018 and now provides tailored funding support for businesses in the North West, Yorkshire, the North East and Scotland. Following this expansion, a second northern office was established in Leeds in 2021.
Key strategic appointments during this period include Seth Vaughan and Oliver Reece, both joining as Principals, followed by Michael Collins joining the firm as Business Development Manager, bringing with them more than 30 years of combined, relevant lending experience.
Having funded businesses in a range of sectors including technology, media, telecoms, professional and business services, BOOST&Co has now successfully cemented its standing as a leading growth capital provider in the region and nationally.
As the North team passes this milestone, it creates an ambitious target for BOOST&Co’s other regional offices – many of which have opened in the past 18 months as part of the firm’s commitment to local lending at a time when many traditional banks are withdrawing from the SME lending market.
Ryan Sorby, Head of North and Scotland at BOOST&Co, said:
“This is a landmark achievement for everyone in the BOOST&Co North team and for all of our colleagues in the wider business that continue to support our success.”
“It was recognition of the vast array of talent and entrepreneurship in the North West that led us to open an office here in 2018, but our experience of working with exciting firms across the northern regions has encouraged us to broaden this scope in the past two years.”
“Not only have we now surpassed the £100m funding milestone we have seen successful exits of all our deals completed in 2019 and a good number of our 2020 deals. This is a fantastic story so far and testament to much hard work since the start of BOOST&Co’s journey of supporting fast-growing SMEs.”