Saturn Investors takes inspiration from UK Government Future fund

£100m investment programme

James Baxter-Derrington
clock • 1 min read
The first Saturn convertible loan note has been raised on behalf of Lightpoint Medical
Image:

The first Saturn convertible loan note has been raised on behalf of Lightpoint Medical

Mill Group’s Saturn Investors has taken inspiration from the now-closed UK Government £1.2bn Future fund with the launch of its £100m investment programme, Investment Week can reveal.

David Toplas, founder and chief executive of Mill Group, explained that while the Future fund was "an innovative boost to businesses, providing £1.2bn worth of convertible loans for 1,236 companies", its closure to new applications has left a funding hole with a replacement "clearly needed". £1.4bn in grants introduced to attract international companies The Saturn Investors £100m investment programme seeks to accelerate the expansion of innovative businesses through a series of convertible loan notes. Lightpoint Medical is the first recipient of a Saturn convertible loan note, with...

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