East Sussex is one of the key areas targeted by a new scheme to help small business with significant growth potential. The South East Growth Fund (SERGF) provides risk capital to small businesses in the South East who can demonstrate an ability to grow quickly.
The scale of the fund is restricted to a limit of £250k initial investment with the potential for future investments up to a total of £500k. Eligible companies may come from service and manufacturing industries and can be at any stage in the development cycle.
The fund has been developed in order to support smaller businesses that have been overlooked in recent years by investors preferring to back bigger players. The Department of Trade and Industry, Barclays, Berkshire Pension Fund and Royal Bank of Scotland are key investors in the fund.
Further information is available from www.j4b.co.uk" or from www.startups.co.uk or South East Growth Fund Website
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24 July 2010