Barclays has joined Salica Investments as a cornerstone investor in its £150m Progress Debt Fund II, concentrating on high-growth innovation-led companies within the UK.
The financial institution joined as investor following Barclays Entrepreneurs Week 2025, in keeping with its innovation banking technique.
“Barclays is dedicated to powering the UK’s innovation financial system, by serving to bold founders and innovators scale and develop at tempo. We’re delighted to have the ability to additional broaden our funding proposition for scaleups by means of our collaboration with companions like Salica,” mentioned Abdul Qureshi, head of Enterprise Banking at Barclays.
“This new funding into Salica’s enterprise debt fund will assist make sure that the UK’s most bold entrepreneurs have entry to the enterprise funding choices they should develop and thrive.”
The fund has additionally been backed by the British Enterprise Financial institution and West Yorkshire Pension Fund.
“Barclays’ dedication is a robust endorsement of our monitor document in backing quick rising software program and IP-rich {hardware} firms proper throughout the UK,” mentioned David Hayers, head of progress debt at Salica Investments.
“With Barclays assist, we are able to additional develop our skill to supply versatile progress capital to a number of the nation’s most modern know-how companies.”
Salica Investments is a London-based funding agency that has backed, amongst others, Blockchain.com, Tide and PayFit.
