GHP July 2016

24 | ghp July 2016 Manchester Cancer Treatment Company First to Secure Funding from £100m SME Funding Drive Manchester-based Incanthera, a revolutionary cancer treatment company, wins the first round of funding through Race to Scale – a £ 100 million funding drive supporting scale-up businesses nationwide; • As current figures stand, Manchester-based oncology company, Incanthera, has received a £150,000 investment pledge, which has been raised by private equity house IW Capital via Race to Scale; • Crowdfinders and IW Capital launched Race to Scale – a £100 million funding drive for UK scale-ups – in London on 21 April, in association with a network of partners including Seedrs, SyndicateRoom, the UKBAA, Money&Co., Crowdstacker, Crowdcube, Envestors, Smith & Williamson and Invesdor to form the largest UK funding initiative of its kind; • The annual initiative is open to UK SMEs that are looking for development finance in the form of an investment/loan between £100,000 and £5 million; • Race to Scale launched in response to over a third (34%) of UK investors with over £100,000 in investments who would consider investing in SMEs in the next five years but do not have the knowledge to do so – equating to £126 billion in untapped investor finance; • Launched in partnership with the UKBAA and its first Angel Investing Accreditation programme.