Enterprise Ventures retains Rosebud

INVESTMENT firm Enterprise Ventures has been re-appointed to manage Lancashire’s Rosebud Finance for a further five years.
 
Enterprise Ventures has managed Rosebud for 29 years since it was set up in 1985 to support the growth of Lancashire businesses.

The company was re-appointed by the Lancashire County Council’s economic development company, Lancashire County Developments Ltd (LCDL), following a competitive tendering process.
 
Rosebud provides loan and equity funding from £50,000 to over £1m and focuses on high-growth businesses in sectors such as advanced manufacturing, aerospace, creative and digital, energy and environmental technology, and financial and professional services.
 
In the year to the end of March, Rosebud invested £1.6m in 11 businesses, which Enterprise Ventures said helped create more than 50 jobs and safeguard a further 180.

Paul Taberner of Enterprise Ventures said: “Lancashire County Council led the way in launching Rosebud almost 30 years ago to support small firms’ growth. Since then it has created thousands of jobs and helped to attract new and growing businesses to the county, and the Rosebud model has been copied in other local authorities. We are delighted to have been re-appointed and look forward to continuing to work with LCDL in supporting Lancashire businesses.”