Appointment of Co-Investors for the London Co-Investment Fund (LCIF) 2017

Descriptions

Funding London is the trading name of SME Wholesale Finance (London) Limited. Funding London are seeking to competitively select between three to five additional organisations to become co-investment partners with the LCIF. The selected partners will enter into co-investment agreements with the LCIF with an investment period of 18 months. The aims of the LCIF are as follows:- To invest 23m GBP into high-growth early stage Science, Digital and Technology businesses in London during a three year period;- To achieve a target across the fund of 2.9 GBP of private sector investment for every 1 GBP invested by LCIF;- To generate approx. 2,653 jobs as a result of the investments being made; and- To maximise returns from exits to enable further investment in later years.