BioCity set for expansion with fresh funding deal

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Nottingham-hedquarted life sciences incubator BioCity has landed a development capital funding deal from BGF and Blue Skies Invesments.

BioCity says it will use the cash to work with more companies in the sector.

Dr Glenn Crocker MBE, chairman of BioCity, commented: “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.”

The advisors to the transaction were:
For BGF – Browne Jacobson (legal), Claritas (tax DD), James Davies (Financial DD)
For Blue Skies – Howes Percival (legal)
For BioCity – Geldards (legal)