Longwall Ventures

British Business Bank programme: Enterprise Capital Funds

Longwall Venture Partners LLP is authorised and regulated by the Financial Conduct Authority and is a venture capital firm investing in innovative, UK based, start-up and early stage companies in the healthcare, science and engineering sectors.

The Longwall team comprises four partners in addition to investment management and financial management support. The team all have a mix of technical, operational and commercial expertise and experience. Longwall is based on the Harwell Campus, a leading science, innovation, technology and business campus, located just south of Oxford. The 710-acre campus employs over 5,000 people and hosts over £1 billion of world leading research infrastructure.

A long term partnership

In November 2017, British Business Bank committed £50m to Longwall Venture Partners LLP’s new £75m venture capital fund, Longwall Ventures 3 ECF LP. The fund, Longwall’s third, will enable it to continue its strategy of investing in the UK’s best and most innovative science, engineering and healthcare start-up and early stage companies.

The British Business Bank made its commitment through the Enterprise Capital Fund (ECF) programme. ECFs help to increase the supply of equity to UK early stage and high growth companies by lowering the barriers to entry for fund managers to operate and incentivise private capital to invest in the UK VC market. Longwall Ventures 3 ECF is the 25th fund backed through the progamme and takes its total investment capacity to over £1bn.

Longwall, based in Harwell, Oxfordshire, manages two earlier funds: the £30m Oxford Technology ECF LP launched in 2008; and the £40m Longwall Ventures ECF LP launched in 2012. Previous beneficiaries have included Cobalt Light Systems, a leading instrument company for the pharmaceutical and security industries, Oxford Photovoltaics Limited, recently voted one of the 50 most innovative companies in the world for its innovative perovskite solar cell technology, and Keit Limited, which produces rugged industrial specification instruments.

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