We are delighted to announce the launch at Bayes of our new investment LLP, a £15m fund set up with the generous support of Peter Cullum CBE, through the Cullum Family Trust.

This new fund will allow us to continue to back talented founders but will increase our ability to follow on in high potential businesses who are delivering on their promises, as well as opening up a greater range of investment opportunities. The BEF team will continue to invest in revenue generating early-stage businesses, both on a stand alone basis and alongside growth investors who share our vision of supporting entrepreneurial skills development alongside exciting commercial expansion. Our average initial cheque size will grow with this larger fund. We are excited to have made the first investment from the new LLP in COAT Paints Ltd (see below).