BGF invested in providing Nottingham-based business incubator BioCity with development capital, alongside Blue Skies Investments. Founded in 2002 and a pioneer in the field, BioCity is the UK’s largest life science incubation business, providing specialist workspace for growing life science companies, including access to high-end equipment, shared services and training, as well as business advice through its expert network. BioCity will use BGF and BSI’s funding to expand this activity, allowing it to develop even more promising young life science companies in the UK. “This deal allows us not only to invest in the growth and development of BioCity, but it also extends our reach into younger, earlier stage companies in the life science industry. We are backing a team with a deep understanding of the market and a strong industry network – we’re looking forward to working with them to further support the life sciences industry in the UK.” Jonathan Earl, BGF investor.