Merseyside Loan and Equity Fund
Fund launched to boost North West small-business growth.
Small businesses in Merseyside struggling to access business funding can pitch for investment following the launch of a £25 million loan and equity fund.
Established by the Merseyside Special Investment Fund (MSIF), the Merseyside Loan and Equity Fund has immediately made £10 million of funding available to established firms in Merseyside with fewer than 250 employees. However, the overall funding pot will increase to £25 million over the five-year life of the scheme.
Investments will range in size from £50,000 to £2 million in the form of a loan, mezzanine or equity finance.
“This is good news for local businesses,”
said MSIF chairman, Andy Rigby.
“Funding has been very difficult to secure in recent times which, coupled with the economic downturn, has hit businesses hard.”
“Now MSIF can continue what it was set up to do, to provide a much-needed alternative source of finance to the region’s businesses which will in turn strengthen the local economy.”
Since its launch in 1996, MSIF has invested more than £134 million in 1,356 businesses.
For more information about the scheme, visit the MSIF website
Businesses interested in applying for funding should contact MSIF directly on 0151 236 4040