Crowdfinders has announced the launch of an annual £100m scaling drive – Race to Scale -dedicated to helping UK businesses access finance to scale their business.

Using a combination of debt and equity finance sourced via IW Capital, Race to Scale will seek to plug the estimated £1bn funding gap faced by UK small and medium businesses every year.

Partnered with companies such as Seedrs, Crowdcube and SyndicateRoom, the funding drive is exclusively open to small and mid-sized enterprises from any sector with a proven concept that requires scale capital.

After submitting a proposal, successful businesses will be granted an investment or loan of between £100,000 and £5m.

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