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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