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CfEL was incorporated in March 2007 as a private limited company wholly owned by BIS, 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
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after several UK government-backed funds were found to be investing in SMEs beyond the guidelines permitted by EU law. One implication was that such businesses could have been forced to hand back millions of pounds to
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Government funding is used alongside private sector funds to establish funds that operate within the "equity gap"; targeting investments of up to £5 million that have the potential to provide a good commercial return.
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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.
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As of 1 April 2008, responsibility for the management of ECFs along with BIS's other equity funds and the
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markets provided it with a unique ability to inform and implement
Government policy on those markets.
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Limited (CfEL). This change did not change the nature of the funds or their policy objectives.
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In
November 2013, Enterprise Capital Funds came in for scrutiny from the
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to address a market weakness in the provision of equity finance to UKs
476:"Seraphim Capital - we're specialist investors in the Space ecosystem"
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341:. Department of Business Innovation & Skills. Archived from
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Fontanella-Khan, James; Rigby, Elizabeth (20 November 2013).
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is a
British government financial programme that provides
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16:UK Government venture capital investment programme
185:It was established in 2006 by the UK governments
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401:"UK SMEs face Brussels probe over state funding"
250:As of November 2019, 29 ECFs had been launched.
522:Department for Business, Innovation and Skills
187:Department for Business, Innovation and Skills
243:On 1 October 2013, CfEL became part of the
357:"The Enterprise Capital Funds programme"
428:. British Business Bank. Archived from
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497:The Enterprise Capital Funds programme
444:"MMC Ventures Enterprise Capital Fund"
216:(SFLG) was transferred to a new body,
339:"BIS page Enterprise capital funds"
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478:. Seraphin Capital. Archived from
319:Sustainable Technology Partnership
281:Entrepreneur First Next Stage Fund
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426:"Capital for Enterprise Limited"
42:Development finance institution
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446:. MMC Ventures. Archived from
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93:Bull (stock market speculator)
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512:Finance in the United Kingdom
382:"About page on CfEL web site"
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258:Funds as of March 2017 were:
23:Financial market participants
304:Oxford Technology Management
275:Dawn Enterprise Capital Fund
269:Amadeus and Angels Seed Fund
263:Accelerated Digital Ventures
195:small and medium enterprises
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298:MMC Enterprise Capital Fund
10:
538:
214:Small Firms Loan Guarantee
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462:"Panoramic Growth Equity"
289:Foresight Nottingham Fund
178:that is operated by the
168:Enterprise Capital Fund
218:Capital for Enterprise
517:Venture capital firms
482:on February 18, 2020.
361:British Business Bank
345:on September 3, 2009.
313:Seraphim Capital Fund
301:Notion Capital Fund 2
295:Longwall Ventures ECF
245:British Business Bank
180:British Business Bank
272:Catapult Growth Fund
143:Financial regulation
316:Seraphim Space Fund
310:Passion Capital ECF
233:European Commission
47:Insurance companies
285:Episode 1 Ventures
176:Start-up companies
292:IQ Capital Fund I
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138:Financial planner
133:Financial analyst
128:Banks and banking
113:Corporate finance
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384:. Archived from
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118:Personal finance
103:Financial market
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52:Investment banks
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307:Panoramic ECF 1
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172:venture capital
148:Fund governance
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491:External links
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388:on 2013-05-21.
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480:the original
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408:. Retrieved
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364:. Retrieved
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153:Stock Market
108:Participants
410:21 November
238:HM Treasury
226:SME finance
174:funding to
158:Super angel
506:Categories
325:References
266:Active ECF
197:(SMEs).
366:June 22,
278:Edge ECF
205:History
98:Finance
405:ft.com
72:Trusts
80:Terms
412:2013
368:2024
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.