CIOSIF Equity

This fund is aimed at companies affected by the equity gap, with approximately 50% supporting research, development and innovation.

Key Features

Amount: £50,000 – £2million (excluding matched private investment: maximum initial investment is likely to be £750,000)

 

Co-investment: at least 30% of the funds and preferably 50%. Ideally these investors will bring added value as well as cash investment.

Structure: Typically Ordinary Shares but possibly Convertible Loan Notes or Preferred Ordinary Shares

Security: generally none

Costs: Arrangement fees, monitoring fees and legal costs apply

Eligibility

This equity scheme is aimed at businesses that have:

  • High growth potential SMEs with existing/approaching sales
  • Credible business strategy to deliver significant growth
  • Viable product/service; clear market potential
  • Sustainable competitive advantage
  • Financial projections identifying application of funds
  • Realistic 5 year exit strategy
  • Stuart Nicol Head of Funds Cornwall
  • Ralph Singleton Senior Fund Manager
Step 1 Download and complete a Pre-Application form
Click to download
CIOSIF Equity
Step 2 Post or email the completed form to:
Cornwall and Isles of Scilly Investment LP
c/o The FSE Group
Lowena House
Glenthorne Court
Truro Business Park
Threemilestone
Truro, TR4 9NY
01276 608510
Exclusions: The Fund will only invest in companies which meet the EU definition of an SME. Refinancing of existing loans or creditors, and the financing of acquisitions or turnarounds are not eligible. The following sectors are excluded: land and property development, dealing and investment, financial services, accountancy and legal services, hotels, nursing and residential care homes, international motor transport, agriculture, forestry and timber production horticulture