Foresight Group is pleased to announce the opening of its regional office in Nottingham in the heart of the Creative Quarter at Lace Market House, 54-56 High Pavement, Lace Market, Nottingham NG1 1HW.
Foresight has raised the £40 million Foresight Nottingham Fund, a dedicated regional growth fund, to support SMEs specifically in Nottingham and Nottinghamshire.
The fund, which is due to be formally launched later in the year, will provide investment and support to growth businesses in the Nottinghamshire region to stimulate enterprise, to create jobs and to attract further inward investment to the dynamic region.
Russell Healey, Partner at Foresight commented "We are delighted to have opened our regional office in Nottingham’s Creative Quarter. Foresight wanted to have a presence right here in the heart of the city and region, and we look forward to working closely with the City and County Councils, with our institutional investors and with the regional business community in supporting growth businesses in the area.”
Councillor Nick McDonald, Portfolio holder for Jobs and Growth at Nottingham City Council said: "Securing this £40 million investment is a real coup for Nottingham and has involved a lot of hard of work on the part of Foresight Group and the City Council. This Nottingham investment fund has been developed to enable us to realise the potential of those start-up and established businesses in the city looking to grow and create jobs. We will be working closely with the team at Foresight over the next few years to maximise the potential of this fund for the local economy. The Fund will make a huge difference to the attractiveness of Nottingham as a place to do business, and will create a substantial number of jobs locally.”
The Fund is part of the Nottingham Prospectus, the city’s package to attract further investment to boost Nottingham’s economy. The Nottingham Prospectus is a single source access point for all the financial and business support available for businesses and investors, and is a key element of The Nottingham Growth Plan. The Growth Plan sets out a series of measures for driving Nottingham’s economy forward and holds the key to creating significant growth - unleashing enterprise that will bring benefits for generations to come.
Enc: Shot – Foresight team and Councillor McDonald outside Foresight office in CQ – from left Russell Healey, Councillor McDonald, Darrel Connell, Henry Alty, Seb Saywood and Matt Smith
For further information, please contact:
Helen Wood firstname.lastname@example.org / 0115 727 0650
Ben Thompson: email@example.com / +44 (0)20 3667 8155
Kathryn Greenwood or Isabel Jones at the Nottingham Growth Plan Press Office on 0115 958 8850. Kathryn@edenpr.co.uk or Isabel@edenpr.co.uk
Notes to editors:
Foresight Group has been managing investment funds on behalf of institutions and retail clients for almost 30 years. With a background in Private Equity and Venture Capital, Foresight has diversified activities and today manages institutional funds principally in European Infrastructure (Solar and PPP), Environmental and UK small cap Private Equity, including six years of specific Infrastructure experience.
Foresight has in excess of £800 million assets under management across a number of funds, including Limited Partnerships, Enterprise Investment Schemes (EIS) and Venture Capital Trusts (VCTs).
Foresight’s Private Equity team, comprised of ten investment professionals, invests between £1m and £5m in management buy-outs, management buy-ins and growth capital investments in UK SMEs.
Foresight manages the most successful VCT ever*, Foresight VCT, which has returned approximately £1.80 in dividends to its investors since launch in 1997. Foresight VCT is currently raising £20 million through a new issue of Ordinary Shares.
*source: Martin Churchill Tax Efficient Review
About The Nottingham Growth Plan
The Nottingham Growth Plan, launched in 2012, sets out an ambitious and long term strategy for economic development and job creation to reinvigorate the city’s fortunes over the next decade. The results of that bold intent, and significant investment, are emerging … business growth, job creation, new specialist sector centres of excellence. The straightforward message that Nottingham is ‘open for business’ is now reaching and engaging with a national and international audience.