UK venture firm moves into lending

Octopus Investments has earmarked a £40m pool of capital to provide finance to small- and medium-sized businesses.

Octopus Investments has moved into providing finance for small- and medium-sized businesses (SMEs), alongside its traditional venture capital operations.

Since the onset of the credit crisis, SMEs have found it increasingly difficult to access credit from their normal providers, many of whom have scaled back their lending or – as is the case with alarm system supplier CSL Dualcom’s bank – have disappeared altogether.

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