Maven Capital Partners has been entrusted with the management of a new £38 million equity finance fund, targeting property and real estate developments in the South West of England. This initiative is part of the British Business Bank’s £200 million South West Investment Fund (SWIF), designed to stimulate growth in the region by supporting local small and medium-sized enterprises (SMEs).

The SWIF aims to cater to the entire South West region, encompassing areas like Bristol, Cornwall, Devon, Dorset, Gloucestershire, Somerset, and Wiltshire. The fund’s primary objective is to enhance the availability and diversity of early-stage finance for burgeoning businesses. These funds are expected to be channelled into various ventures, including property expansion, innovative services, and the acquisition of new skills or capital equipment.

Maven’s role will be pivotal in overseeing the £38 million equity fund for areas such as Bath, North East Somerset, Bristol, Wiltshire, and Gloucestershire. The firm is poised to offer investments of up to £5 million to promising companies across diverse sectors, with a keen focus on property and real estate developments.

Since opening its Bristol office in 2017, Maven has been actively involved in the region, with notable investments like the £3 million funding for Bud Systems, a Bristol-based SaaS firm. The company’s track record also includes the successful management of the Midlands Engine Investment Fund (MEIF) since 2017, where it channelled over £80 million of investment into more than 150 businesses in the Midlands.