The funds made available by the Cornwall and Isles of Scilly Investment Fund, supported by the European Regional Development Fund, are very keen to work alongside the banking, corporate finance and business adviser community to help you, help your clients.
If your clients have a funding gap, The Cornwall and Isles of Scilly Investment Fund may be able to help them start up, scale up or stay ahead by providing commercial finance through Debt Finance and Equity Finance funds which it supports.
Making Deals Happen
The funds supported by the Cornwall and Isles of Scilly Investment Fund will work with other lenders and investors to create financial packages to make deals happen. The Cornwall and Isles of Scilly Investment Fund is able to finance businesses in most manufacturing and service sectors which are based in or relocating to the region. See all Funds Available here.
The focus is on small to medium sized businesses. An SME is a business employing fewer than 250 employees, with an annual turnover of less than 50m Euros (=£45m) or balance sheet net assets of less than 43m Euros. The business cannot be part of a larger group employing more than 249 employees and where the group owns at least a 25% share of the business. To be eligible for funding from the fund that CIOSIF supports, an SME must have a material part of its operations, staffing or trading based in the CIOSIF area (or plan to establish such a presence within 2 years.)
The aim is to nurture regional entrepreneurship by providing investment and support for SMEs between 2018 and 2023.
The Cornwall and Isles of Scilly Investment Fund and its partners will be working closely with the Growth Hub who provide local business support