Finance 4 Business North East
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Finance 4 Business North East

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Presentation about the North East Jeremie Funds

Presentation about the North East Jeremie Funds

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Finance 4 Business North East Finance 4 Business North East Presentation Transcript

  • finance 4 business Jeremie Fund North East
  • Jeremie Fund what is it?
    • Improve access to finance for micro business and SMEs in the regions of the EU
    • The JEREMIE venture capital fund (Joint European Resources for Micro to Medium Enterprises Initiative) as it is provisionally known, is the first fund of its type in England
    • £125 million fund financed by the European Investment Bank, The Regional Development Fund and ONE North East
    • Comprises six individual funds
    finance 4 business
  • Criteria
    • SMEs
    • Project located in the North East
    • Viable business proposition with ability to make returns to the fund  
    • EC rules restrict aid to certain sectors:
    • steel industry, coal, synthetic fibres, primary agriculture, fisheries and ship building.
    finance 4 business
  • ONE North East Region finance 4 business
  • The Funds – Angel Match Fund
    • This fund is intended to be a small, entrepreneurial fund.   It will invest in companies in any sector (other than the Excluded Sectors) and predominantly at the early stage of development, but may join business angels in later stage deals.
    • Generally must have private sector co-investors to partner in the investment.
    • The fund’s investments will generally be between £50k and £150k.
    • Total fund size £7.5m.
    finance 4 business
  • The Funds – Technology Proof of Concept Fund
    • The fund is intended to support the very early stages of business creation within the technology sector.  Aim to develop new businesses or to fund specific, innovative projects which have the potential to create significant new commercial opportunities for existing businesses or universities.
    • The fund’s investments will generally be between £20k and £100k.
    • Total fund size £15m.
    finance 4 business
  • The Funds – Growth Fund
    • The fund is intended to invest in relatively mature companies at development and growth stages in any sector (other than the excluded sectors). These companies will mostly be revenue generating and looking for growth capital. Its average investment per SME is anticipated to be approximately £180k
    • The fund’s investments will generally be between £50k and £400k.
    • Total fund size £20m.
    finance 4 business
  • The Funds – Seed Fund
    • The fund will invest in companies and pre-start enterprises in any sector (other those operating in the Excluded Sectors) at an early stage of their development, i.e. predominantly at the start-up and seed capital stages.
    • The fund’s investments will generally be between £50k and £750k.
    • Total fund size £20m.
    finance 4 business
  • The Funds – Technology Fund
    • The fund will invest in technology companies at any stage of their development or maturity, extending from proof of concept through to seed and development capital stages.
    • Fund will make equity type investments.
    • The fund’s investments will generally be between £50k and £1.25m.
    • Total fund size £25m.
    finance 4 business
  • The Funds – Growth Fund 500
    • The fund is intended to invest in relatively mature companies at development and growth stages in any sector (other than the excluded sectors). It will in particular target companies which need a significant cash injection to facilitate a step-change in their business.  These companies will mostly be revenue generating and looking for growth capital.  The fund is intended to address the higher-end of the equity gap – investing on average a total of approximately £570k per SME.
    • The fund’s investments will generally be between £350k and £1.25m.
    • Total fund size £20m.
    finance 4 business
  • Our service, How we can help?
    • Assistance to ensure that your application has its best chance of success.
    • Assessing the project for fund suitability and which fund is most appropriate.
    • Discussing the project with the funding providers.
    • Preparation of application forms and supplementary information (including business plan and financial forecasts) required by the fund.
    • Submitting applications to the fund and attending meetings with that body re the project as required.
    • We have regular discussions with fund awarding bodies so we know what they are looking for in an application.
    finance 4 business
  • contact details
    • Richard Watts
    • telephone: 07872 033804
    • e-mail: richard@finance4business.biz
    • www.finance4business.biz
    • offices cover Yorkshire, Humberside and the North East
    • administration address:
    • 10 Corby Park
    • North Ferriby
    • East Yorkshire
    • HU14 3BA
    finance 4 business