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For prospective partners about the South East Investment Fund and East of England Investment Fund
Questions about the East of England Investment Fund
How do I apply for EEIF funding?
Enquiries and applications are made direct to EEIF’s selected fund managers, full details of which can be viewed here. EEIF cannot provide financial or business advice to businesses seeking funding and businesses may wish to engage their own accountant or business adviser if application assistance is required.
How does EEIF invest?
EEIF does not invest directly in businesses. It invests through product funds which are managed by EEIF’s appointed fund managers. The Fund will offer two commercial finance options with Debt Finance from £25k to £2m and Equity Finance up to £5 million.
My bank can’t fund the total amount that I need, can EEIF help?
EEIF’s product funds can invest alone or alongside other sources of debt or equity capital where appropriate.
What funding is not eligible for EEIF support?
EEIF will have an inclusive approach, but some eligibility criteria do apply to EEIF funding, and fund managers will be able to advise on suitability.
What is the East of England Investment Fund (EEIF)?
The East of England Investment Fund (EEIF) will deliver a £140m commitment of new funding through investment strategies that best meet the needs of the businesses in the East of England. EEIF is designed to drive sustainable economic growth by supporting innovation and creating local opportunity for new and growing businesses across the region. EEIF will increase the supply and diversity of early-stage finance for smaller businesses in the East of England, providing funds to firms that might otherwise not receive investment and help to break down barriers in access to finance.
What type of funding does EEIF offer?
EEIF will offer two commercial finance options with Debt Finance from £25k to £2m and Equity Finance up to £5 million.
What’s the difference between EEIF and high street finance providers?
EEIF has been designed to help address market failures by increasing the supply and diversity of early-stage finance for UK smaller businesses, providing funds to firms that might otherwise not receive investment. The product funds that EEIF supports provide commercially focused funding to businesses across the East of England. EEIF’s product funds can invest alone or alongside other funders, and indeed EEIF fund managers are encouraged to leverage-in additional private capital.
Where do I need to be based to apply for an EEIF investment?
EEIF covers the whole of the East of England, including rural, coastal and urban areas. Investments can be made in businesses that are headquartered in the East or have a significant operating presence there.
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