New fund for West Midlands’ creative industries

West Midlands co-investment fund The Ark Hub has struck a deal to bring investment to the region's creative industries.

CEO Rupert Lyle said its new partnership with The Creative Advantage Fund (CAF), the UK's first venture capital fund for the creative industries, will catalyse interest from other potential partners: "we are delighted that CAF immediately understood the potential benefits and have been so supportive."

CAF has pledged capital to encourage other investment in creative business throughout the region. Chair Helga Henry said it is looking for "a savvy way to maximise our potential impact".

"By working with The Ark, we can support an innovative approach to supporting creative businesses that are ready to scale and offer our expertise to the development of the Ark’s wider ambitions."