Investors to receive all cash back from wound down £50m Midlands fund

Growth Street, the firm which just three and half years ago revealed plans to inject £50m into Midlands businesses, has announced today that their investors will receive all of their money back after it revealed last year that it is being wound up.

The company called the “Resolution Event” called in June 2020.

Kim Goetzke, COO of Growth Street, said: “Returning as much of each investor’s assigned balance, as quickly as possible, has been a core focus since we declared the Resolution Event in June of last year.

“We have been able to return investor funds faster than expected due to the success of the recovery process and it is testament to the quality of our systems, underwriting, monitoring and recovery processes.

“I want to thank our team for their efforts – returning 100% of assigned balances is a great source of professional pride for us. I also want to thank our investors for their patience and support whilst we navigated this process.”

Growth Street says it will now move to “streamline business operations further” so that it can collect against outstanding balances and meet its obligations to its remaining creditors.