Apr 19, 2021

Richardson family business launches £100m growth fund Black Country group is targeting growth among West Midlands firms looking for new investment Sign up to FREE email alerts from BusinessLive - West MidlandsInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with our Privacy Notice. Thank you for subscribingWe have more newsletters Show me See our privacy notice A family firm has launched a new £100 million fund aimed at investing in West Midlands companies. The Oldbury-based Richardson group has unveiled its plans for the Richardson Enterprise Fund which is targeted at established businesses in all sectors requiring capital for growth. Investments of between £2 million and £10 million can be minority or majority positions, alongside existing management teams, founders or owners looking to grow and develop businesses. This new initiative will be spearheaded by Paul Faulkner who has just joined the group as its chief of staff and operations after spending nearly six years as chief executive of Greater Birmingham Chambers of Commerce. The fund will be managed through Richardson Capital. Birmingham Post Business Awards 2021 The Birmingham Post Business Awards are back for 2021 and now open for entries here. The event will be held online only on Tuesday June 15 and will celebrate businesses and individuals across 12 categories including our overall Company of the Year and a special covid award. The deadline to enter the awards is Monday April 19 and sponsorship opportunities are also now available. Please email paige.jackson@reachplc.com for details and follow the hashtag #BPBAwards for updates on social media. The ceremony will be hosted on our new virtual events platform The Awards Room which gives nominees and sponsors the chance to experience real-time networking and hear from speakers. All of your attendees will be placed together on your own table and you can invite people from outside your group to join you during the event. Your table will also have private chat, allowing you to communicate with your colleagues during the awards. For more information about our Business Awards and events please visit www.reachplcevents.com. The family is renowned for its work in property development, having led the creation of the Merry Hill centre in the 1980s, but is now active in growth capital investment with interests in businesses both domestically and around the world. Carl Richardson, who leads the business alongside brothers Martyn and Lee, said: "Our family is very proud of our West Midlands roots. "While our business interests now extend around the globe and include significant private growth capital investments alongside our work in property development, our headquarters have always remained in the heart of the UK. "As a family-run business, we have extensive experience operating in a range of sectors and a host of different structures, with the common thread being that we look to work with excellent people. "Our hope with this fund is to align our experience, ambition and passion for the region with like-minded businesses who are in the market for patient capital, meaningful strategic advice and access to our network." Read More