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BioCity Set to Expand

Tue 22nd Jan 2019

by Insider Media Limited

Nottingham-based business incubator BioCity has secured investment. The move by BGF is its fourth life sciences investment in the last few months and has been made alongside Blue Skies Investments (BSI).

Invest Announcements

Jon Earl, Glenn Crocker and Paul Oliver

“We’re delighted to welcome BGF as a partner to the BioCity group alongside BSI as we continue to expand our offering to the UK’s life science community. BGF’s ability to provide long-term capital and support, with the potential for additional investment, made them the right choice for us. BSI also has a wealth of experience in the life sciences sector and we’re also looking forward to drawing on both organisations investment expertise for our own plans to bring promising life science businesses the funds they need to develop.”

Chairman Glenn Crocker

“We’re excited to be making another investment in the UK’s thriving life sciences sector. BioCity provides a unique platform for many high potential companies, giving them the support and facilities to grow and thrive. It’s also uniquely placed to invest in some of its resident companies, knowing the businesses and their management teams extremely well. This deal allows us not only to invest in the growth and development of BioCity, but it also extends our reach into younger, earlier stage companies in the life science industry. We are backing a team with a deep understanding of the market and a strong industry network - we’re looking forward to working with them to further support the life sciences industry in the UK."”

Jonathan Earl, BGF investor

“I’ve known BioCity for many years and have long been impressed by what the team has achieved. I am very pleased that Blue Skies will be joining the next stage in the growth of the company. I’m very much looking forward to seeing the exciting new businesses that BioCity will be supporting and to following their success. The investment was led for BGF by Jonathan Earl and Olly Cutting out of BGF’s East Midlands office.”

Nik Kotecha, of Blue Skies Investment

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