New Funds Available

June 2006

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.”

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DTI press release

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