Two new Enterprise Capital Funds (ECFs) are
to be created under a multi-million pound government
scheme to boost innovation, jobs and growth
for small businesses trapped in the equity
gap, Small Business Minister Margaret Hodge
has announced.
ECFs invest a combination of private and
public money in small high-growth businesses
seeking up to £2 million of equity
finance. It is expected that the funds will
help to address the scarcity of equity capital
in the £500,000 to £2m funding
bracket.
Small Business Minister, Margaret Hodge
MP said:
"These new funds will help many small
businesses that might otherwise have been unable
to develop their potential because there was
no equity finance available to them. These
funds demonstrate how the government is actively
working with private investors to create an
environment where British businesses are given
the world-class support they need to succeed.”
Internet Link:
DTI press release
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