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Ian Downing
Portfolio management, non-exec and board advisory
Ian Downing is a prominent figure in the investment sector, currently serving as part of the Early Stage Portfolio team at BGF (Business Growth Fund), where he has been since the organization's inception in 2011. His primary responsibility involves managing BGF's portfolio of early-stage investments across the UK, focusing on sectors such as life sciences, climate and sustainability, and deep tech.12
Professional Background
Before joining BGF, Downing held the position of Chief Financial Officer at Quotient Sciences, a company specializing in drug development services. He also spent a decade at 3i Group, where he was involved in various investments and served on the boards of over 30 companies, aiding their growth strategies and facilitating successful exits through trade sales and public offerings.12
Contributions to BGF
Under Downing's leadership, BGF's early-stage team reported significant investment activity, including £69 million invested in 2022 alone. This funding supported innovative businesses and helped them secure additional financing from third-party investors, totaling over £500 million.2 His role has been crucial in identifying scalable opportunities within the UK and Ireland's burgeoning startup ecosystem.
Current Engagements
In addition to his work at BGF, Ian Downing is also a Non-Executive Director at Phico Therapeutics Ltd., further showcasing his commitment to advancing healthcare innovations.4 His extensive experience and strategic insights continue to shape the landscape of early-stage investments in the UK.
Downing holds a degree from the University of Warwick and has built a robust professional network throughout his career, as evidenced by his active LinkedIn presence.3
Highlights
Friends,
I would like to share some news about starting a new chapter in my career. After 13 years with BGF, I am moving into 'plural mode'.
Firstly, I am extremely proud to have played a part in helping to build BGF from a disruptive start-up (albeit an incredibly well-funded one!) to a well-established champion for entrepreneurs across the UK and Ireland. It has been gratifying to support so many founders and leaders, alongside the talented and driven team at BGF. I am super happy to continue working with BGF in a part-time capacity, representing its interests on several BGF portfolio company boards.
In addition, I will now also be working with other entrepreneurial companies in a non-exec or advisory capacity - most likely to be high growth companies which have already raised institutional capital, or are preparing to raise capital.
I've been lucky to work with dozens of ambitious entrepreneurs over the years at 3i and BGF. As we all know, this part of the economy is a huge driver of innovation, growth, employment and wealth creation. It should be cherished and supported - I hope our new government appreciates that.
There is never a dull moment working with entrepreneurs and it is often a real roller-coaster ride - I'm looking forward to doing even more of that in future.
Congratulations SDL - top of the league for growth. In partnership with #bgf since 2015.
