请输入您要查询的百科知识:

 

词条 Enterprise Capital Fund
释义

  1. Fund management

  2. Approved funds

  3. European Commission investigation

  4. References

  5. External links

{{Financial market participants}}

Enterprise Capital Funds are financial schemes established by the Department for Business, Innovation and Skills (BIS) in the United Kingdom to address a market weakness in the provision of equity finance to UK small and medium enterprises (SMEs).[1] Government funding is used alongside private sector funds to establish funds that operate within the "equity gap"; targeting investments of up to £2 million that have the potential to provide a good commercial return. The first five funds supported under the scheme were launched in 2006-7 following a pathfinder competition. A further three funds were awarded ECF status in 2007. As of March 2017, 23 ECFs have been launched.

Fund management

As of 1 April 2008, responsibility for the management of ECFs along with BIS's other equity funds and the Small Firms Loan Guarantee (SFLG) was transferred to a new body, Capital for Enterprise Limited (CfEL). This change did not change the nature of the funds or their policy objectives.

CfEL was incorporated in March 2007 as a private limited company wholly owned by BIS,[2] and commenced actively trading in April 2008. It was an asset management business specialising in designing and managing support programmes for SME finance. Its position in the SME finance markets provided it with a unique ability to inform and implement Government policy on those markets.

On 1 October 2013, CfEL became part of the British Business Bank, which is now responsible for the management of all of CfEL's financial schemes, including ECFs.[3]

Approved funds

The current funds as of March 2017 are:

{{div col|colwidth=20em}}
  • Accelerated Digital Ventures
  • Active ECF
  • Amadeus and Angels Seed Fund
  • Catapult Growth Fund
  • Dawn Enterprise Capital Fund
  • Edge ECF
  • Entrepreneur First Next Stage Fund
  • Episode 1 Ventures
  • Foresight Nottingham Fund
  • IQ Capital Fund I
  • Longwall Ventures ECF
  • MMC Enterprise Capital Fund[4]
  • Notion Capital Fund 2
  • Oxford Technology Management
  • Panoramic ECF 1[5]
  • Passion Capital ECF
  • Seraphim Capital Fund
  • Seraphim Space Fund[6]
  • Sustainable Technology Partnership
{{div col end}}

European Commission investigation

In November 2013, Enterprise Capital Funds came in for scrutiny from the European Commission after several UK government-backed funds were found to be investing in SMEs beyond the guidelines permitted by EU law. One implication is that such businesses could be forced to hand back millions of pounds to HM Treasury.[7]

References

1. ^BIS page Enterprise capital funds
2. ^About page on CfEL web site {{webarchive|url=https://web.archive.org/web/20130521042015/http://www.capitalforenterprise.gov.uk/about |date=2013-05-21 }}
3. ^{{cite web |url=http://british-business-bank.co.uk/what-the-british-business-bank-does/how-the-bank-is-set-up/capital-for-enterprise-limited/ |title=Capital for Enterprise Limited |publisher=British Business Bank |deadurl=yes |archiveurl=https://web.archive.org/web/20140221215047/http://british-business-bank.co.uk/what-the-british-business-bank-does/how-the-bank-is-set-up/capital-for-enterprise-limited/ |archivedate=2014-02-21 |df= }}
4. ^MMC Ventures Enterprise Capital Fund
5. ^PG equity
6. ^http://seraphimcapital.co.uk/
7. ^{{Cite web |last1= Fontanella-Khan |first1= James |last2= Rigby |first2= Elizabeth |date= 20 November 2013 |title= UK SMEs face Brussels probe over state funding |url= http://www.ft.com/cms/s/0/98f4a460-5218-11e3-8c42-00144feabdc0.html |publisher= ft.com |accessdate= 21 November 2013 }}

External links

  • Enterprise Capital Funds page on CfEL website

3 : Finance in the United Kingdom|Venture capital|Department for Business, Innovation and Skills

随便看

 

开放百科全书收录14589846条英语、德语、日语等多语种百科知识,基本涵盖了大多数领域的百科知识,是一部内容自由、开放的电子版国际百科全书。

 

Copyright © 2023 OENC.NET All Rights Reserved
京ICP备2021023879号 更新时间:2024/9/30 18:43:38