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Business Growth Fund ramps up spending

Fund strikes eight deal this year with a minority stake in Task-Fronterra and is planning other investments in the next few weeks

The Business Growth Fund has struck its eighth deal this year, after struggling to find suitable investment opportunities.

The fund has made a £3.8 million investment in oil and gas focused geoscience company Task-Fronterra, which today announced its formation through the merger of Aberdeen-based Task Geoscience and Houston-based Fronterra Integrated Geosciences.

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