The investment was managed for BGF
by its director for Wales and the South West of England Paul Oldham and colleagues Ned Dorbin and Alex Garfitt.
4m investment from BGF
is great news for Springfield and for the individuals to whom we provide care.
Mr Oldham said the BGF
will be focused on finding, encouraging and supporting ambitious business owners and helping them to envisage what they could do with new capital and our support.
was recently established by the Government to help Britain's fastgrowing smaller and medium-sized businesses access development capital of between pounds 2m and pounds 10m.
Stephen Welton, chief executive of the BGF
said: "While it is still early days, we are making good progress in our aim to establish a presence in key regions across the UK.
The independent BGF
, which is being chaired by entrepreneur Sir Nigel Rudd, has secured backing from Barclays, HSBC, Lloyds Banking Group, RBS and Standard Chartered.
Regional offices have already been announced in London, Edinburgh and Birmingham, and a BGF
spokesman has indicated "there are likely to be others but they probably aren't likely to be announced until later in the year".
Stefano Ciampolini, chief executive and founder of Renal Services, said the East Midlands and Northumberland have been identified as areas in need of outpatient dialysis treatment facilities He added: BGF
s investment represents a major boost in helping us to meet local patient demand.
Graham Cole CBE joins the company as Non-Executive Chairman after being introduced to the co-founders through BGF
s talent network programme.
Neil Inskip, Senior Investment Manager at BGF
joins the board of the company.
investment team comprises Mark Nunny, Mark Bryant, Chris Hodges and Will Gresty.
, which invests between Au2 million and Au10 million per business in return for a minority equity stake and a seat on the board, is managed autonomously with an independent management team.