Barclays has joined Salica Investments as a cornerstone investor in its £150m Growth Debt Fund II, targeting high-growth innovation-led businesses in the UK.
The bank joined as investor following Barclays Entrepreneurs Week 2025, in line with its innovation banking strategy.
“Barclays is committed to powering the UK’s innovation economy, by helping ambitious founders and innovators scale and grow at pace. We are delighted to be able to further broaden our funding proposition for scaleups through our collaboration with partners like Salica,” said Abdul Qureshi, head of Business Banking at Barclays.
“This new investment into Salica’s venture debt fund will help ensure that the UK’s most ambitious entrepreneurs have access to the venture funding options they need to grow and thrive.”
The fund has also been backed by the British Business Bank and West Yorkshire Pension Fund.
“Barclays’ commitment is a strong endorsement of our track record in backing fast growing software and IP-rich hardware companies right across the UK,” said David Hayers, head of growth debt at Salica Investments.
“With Barclays support, we can further expand our ability to provide flexible growth capital to some of the country’s most innovative technology businesses.”
Salica Investments is a London-based investment firm that has backed, among others, Blockchain.com, Tide and PayFit.
