Greater London Investment Fund — supported by European Regional Development Fund — Fund Managers

Descriptions

Funding London is the trading name of SME Wholesale Finance (London) Limited “the Authority” and is a wholly owned subsidiary of the Greater London Authority (GLA).The Authority is seeking to enter into Limited Partnership Agreements (LPA’s) with FCA authorised fund management organisations to manage and invest the capital of a new 100 000 000 GBP Fund of Funds that will be invested in 4 new subfunds for SME’s who’s core activities are based in London:Fund 1 (Lot 1): a 45 000 000 GBP Early Stage Venture and Circular Economy Fund. (14 000 000 GBP ring fenced for Circular Economy);Fund 2 (Lot 2): a 25 000 000 GBP Small Loan Fund;Fund 3 (Lot 3): a 25 000 000 GBP Larger Loan Fund.Fund 4 (Lot 4): a 5 000 000 GBP Micro Loan Fund.Fund manager organisations can submit tenders to manage one or more of the subfunds. There is no limit to the number of awards that can be made to any one fund manager organisation.The funds are to deliver European Regional Development Fund (ERDF) outputs.