Enterprise Capital Fund
Enterprise Capital Funds are financial schemes established by the Department for Business, Innovation and Skills (BIS) in the United Kingdom to address a market weakness in the provision of equity finance to UK small and medium enterprises (SMEs). Government funding is used alongside private sector funds to establish funds that operate within the ‘equity gap’; targeting investments of up to £2m that have the potential to provide a good commercial return. The first five funds supported under the scheme were launched in 2006-7 following a pathfinder competition. A further three funds were awarded ECF status in 2007 and have now been launched. As of April 2013, 12 ECFs have been launched or announced.
Read more about Enterprise Capital Fund: Capital For Enterprise, Approved Funds
Famous quotes containing the words enterprise, capital and/or fund:
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—Benjamin Harrison (1833–1901)