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Bridges Ventures reports regularly to its investors on its financial and social results. The table below summarises the combined results of Bridges CDV Fund I and Bridges CDV Fund II to the end March 2006
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28 initial investments and 35 follow-on investments
3 successful exits. Harlands and SimplySwitch and HS Atec
£28m invested to date
Balanced Fund:
- 29% early stage/expansion
- 47% property backed
- 24% small MBO’s
Bridges CDV Fund I: five years into its investment period, in profit and making distributions.
Bridges CDV Fund II: one year into its investment period and 14% committed to date.
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830 jobs created or sustained, of which 322 in Bridges Ventures target areas and over 200 taken out of unemployment
80% of investment to date has gone to companies located in the most deprived 10% of wards in the country, 39% to companies in the most deprived 5% of wards
Bridges Ventures investment has leveraged £4 for every £1 invested into companies in our target areas
Bridges companies spending over £14m per year in Bridges target wards
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