The £30k investment through the New Ventures award is made from the Richardson Brothers Foundation and underlines the direction of the business today, with its international growth capital portfolio.
Each year a shortlist of regional businesses compete for the £30k investment, as the family recognise the strength of young, entrepreneurial business across the Midlands.
In 2019 the winner was Concierge Medical who provide membership-based private GP services to people in their own homes or at their businesses. With 1,500 patients in its core Cotswold area, it has now expanded to Warwickshire, Worcestershire, Wiltshire and Derbyshire since its launch in 2013.
Kat Carrick, Concierge Medical
The Green Sisters
In 2019 New Venture made a special ‘Budding Business’ award for the Green Sisters, who have created a range of healthy and delicious vegan, gluten free and allergen friendly Indian snack foods and curries. The business is run by Birmingham sisters Geeta and Reena Salhan who impressed the judges with their passion and ambition.
Geeta and Reena Salhan, Green Sisters
In 2018 Burning Barn, based in Solihull, was victorious. The business was launched by Katherine Jenner in 2016, after a severe family fire at the family farm. From the ashes Katherine was inspired to launch her own brand of fiery smoked rum that is building a successful customer base, due to its strong brand and distinct flavours.
Katherine Jenner, Burning Barn
The Richardson family continues to look for further investment opportunities for their core investment portfolio. Typically, they are looking to support growth capital projects of between £2million and £10million with their private equity interests growing across a range of exciting businesses.