|
Small Business Minister, Nigel Griffiths has launched a new fund to provide finance for start-up and fast-growth businesses in East Anglia.
The GEIF Ventures Fund will provide investments in early-stage businesses. Investment will typically be between £50,000 and £100,000, matching the investment made by business angels.
Through co-investment with business angels the fund will help to bridge the difficulties faced by young companies that want to attract small-scale private finance. Such companies find that private investors want to invest millions in bigger companies rather than thousands of pounds in smaller ones.
The £2.5 million fund is sponsored by the DTI's Small Business Service and will operate alongside the Great Eastern Investment Forum, one of the country's foremost business angel networks.
For more information on GEIF Ventures contact Max Bautin on 01223 720 227
|
