Happy New Years from the Make It Global team
To start the new year on a high we thought it will be a good idea to provide a funding opportunity from Enact Investment. Please read further details below.
Launch of the New £10 Million Enact Investment Fund for UK SMEs
The Enact Investment Fund specifically targets small and medium-sized companies with 250 employees or less.
Enact will leverage the combined expertise of its investor base, comprising successful UK entrepreneurs and professionals, with experience from industry sectors such as retail, manufacturing, distribution and financial services.
The Fund has a total investment pot of £10 million available. Individual equity investments will range from £250,000 to £2 million. Typical Enact equity investments are three to five years in length.
Enact also operates an advisory board, providing additional perspective and skills to the Enact investment team. The board will offer a cross section of financial, operational and advisory expertise as well as corporate governance.
Established UK-based small and medium-sized enterprises (SMEs) may apply. Businesses may be operating in any sector other than leasing, legal services, property development, hotels, nursing homes and insurance.
Enact’s investment strategy is to invest in companies have a robust business model, but are facing cash flow constraints, strategic or operational issues.
Applicants must meet the qualifying criteria for Enterprise Investment Scheme (EIS) investments and be demonstrate they would benefit from a hands-on investment approach.
Garry Wilson, Managing Partner of Endless, commented:
“Enact represents a natural expansion of the Endless investment offering. Whilst our current funds continue to focus on the mid-market, we are very excited about extending our reach to finding the hidden gems of the smaller business market, particularly given the absence of funding for these companies.
“Our investment track record and access to such a sophisticated and talented network of investors truly makes Enact a unique proposition in a market desperate for proactive and supportive investment.”
Applications may be submitted at any time.
See the Enact Fund website for more information.