Capital for Enterprise Fund factsheet
14th January 2009
What is the fund?
The Capital for Enterprise Fund is a new £75m equity fund, bringing together £50m of government money with £25m from major banks. It provides longer term capital to companies who have exhausted their traditional borrowing capacity.
How will the fund be managed?
It will be run by professional fund managers. They will invest in the company and businesses will be able to use the capital injection to finance business development and take advantage of future opportunities.
Who will benefit from the fund?
The Capital for Enterprise Fund is open to UK SMEs who are economically viable in the long term. The fund will enable them to raise new long-term finance, using equity finance to restructure their balance sheets and continue their growth.
State aid rules currently prohibit agriculture and coal sectors.
When will the fund be available?
Due diligence is currently being carried out on a number of fund managers. We envisage they will be in place and ready to begin investing by the end of January.
From January 14, SMEs keen to attract investment from the fund can register their interest by ringing the Capital for Enterprise Fund Registration Helpline on 0845 459 9780.
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