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Thanks to a new scheme, small firms in the South East of England have a new source of funding capital.
The South East Growth Fund (SEGF) provides risk capital to South East SMEs looking to achieve significant growth.
Thanks to a new scheme, small firms in the South East of England have a new source of funding capital.
The South East Growth Fund (SEGF) provides risk capital to South East SMEs looking to achieve significant growth.
Initial tranches will usually be limited to £250k, with subsequent investments possible up to a maximum investment of £500k.
The Fund will consider investments in a wide variety of manufacturing and service sectors at any stage of the business cycle. The scheme has a ten year life and is expected to be fully invested by 2007.
The SEGF is a venture capitalist fund and therefore takes an equity position in the companies they invest in.
Investors include, Barclays, Berkshire Pension Fund, Royal Bank of Scotland and the Department of Trade and industry.
Over recent years there has been a shift in emphasis by UK providers of Risk Capital towards larger transactions. As a result businesses seeking smaller amounts (up to £500,000) have encountered great difficulty in raising funds. It is this equity gap that the SEGF seeks to fill.
SFGF invests in businesses operating in the South of England. This comprises the areas of Berkshire, Buckinghamshire, East Sussex, Hampshire, Isle of Wight, Kent, Oxfordshire, Surrey and West Sussex. For further information Tel: 01883 337111 or Email: mail@segrowthfund.co.uk.
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