A Biotechnology firm which has pioneered technology that will advance stem cell research and could lead to a cut in the number of medical tests on people and animals has won £1.6m of investment.
Reinnervate has been researching its...
What is the focus of the Fund?
The Coalfields Funds were established by the Department for Communities and Local Government to finance growth orientated companies and encourage entrepreneurship in England’s former coalfield areas.
These regions had previously been reliant upon the economic benefit of coal mining and there remains an on-going need to encourage and assist both individuals and companies to diversify into new high growth sectors.
The Coalfields Funds are able to offer commercial investment from £40k up to £1m in the form of equity and equity-related funding and are flexible in their approach. Companies at any stage in their development may apply for investment from the Funds; from start-ups and early stage companies, to on-going development capital and management buy-outs and buy-ins of more established businesses.
The Fund is able to support up to 50% of the total funding requirement.
Who can apply?
SMEs where either their principal place of business, or a significant proportion of their workforce, or where it will bring
material economic benefit to an eligible coalfield ward, may apply. See website to confirm location.
The Fund also offers a broad range of support and guidance in assisting companies with their strategic, market and operational development, and in achieving their full potential.
Where can I get more information?
The Fund is managed by:
Enterprise Ventures Limited
1 Whitehall
Whitehall Road
Leeds LS1 4HR
Contact Paul Betts
Tel: 07540 014 911
www.evgroup.uk.com
