Northern Gritstone

Northern Gritstone, a venture capital group based in Manchester, has successfully secured £20 million in new funding commitments from its existing shareholders, with a significant cornerstone investment from the British Business Bank.

Summary of transaction details:

• Value: £20,000,000
• Sector: Business Services
• Advisor: Not specified
• Key Entities: Northern Gritstone (Target), British Business Bank (Lead Investor)
• Location: Manchester, UK (Target)

Note: This funding round strengthens Northern Gritstone's capacity to continue backing innovative life science and deep tech businesses emerging from universities across the North of England, contributing to regional economic growth and technological advancement.