The Greater London Investment Fund (GLIF) operates as a £100m Fund of funds. GLIF provides loan and equity finance for London's SMEs, through investment in three sub-funds. MMC Ventures, manage the Equity Fund and FSE Fund Managers manage the Loan Funds. The Funds began investing in May 2019.Find out more
Budding tech and science start-up businesses in the capital who are looking to raise the finance they need to take their business to the next level can now take advantage of a venture capital fund for small businesses. The London Co-Investment Fund is supported by £25m from the Mayor of London through the London Economic Action Partnership (LEAP) and up to £60m from our partners. The Fund is now closed to investment.Learn more & apply
Jan 2015 - August 2019
Jobs Created:over 2000
Total Funding Raised:£185m
The London Co-investment Fund Our Story so far...
CAN Early Intervention Fund
Funding London invested in the Early Intervention Fund launched by CAN Invest with UBS in September 2015. The Fund aimed to help VCSEs accelerate positive early intervention impact on young people (0-24yrs) in East London’s communities.
MMC London Fund
The £14m fund focused on driving SME investment in the capital and being a ‘matching fund’ it successfully raised over £114m for the SMEs in the capital. The fund, managed by MMC Ventures, co-invested alongside other venture capital firms, business angels and other MMC Funds including the EIS Fund. It supported companies that had grown beyond the seed stage, demonstrated commercial traction/revenue, and were seeking follow-on capital to accelerate their growth. The fund, in its last year of the investment period for the main ERDF (2007-2013) grant, was significantly ahead of its cumulative investment target and met its job creation and job safeguarding targets.
Objective 2 Loan Fund
The £7.8 million fund provided support to over 270 SMEs in various forms like Start-up loans, Growth loans, Mezzanine loans & Social enterprise loans.
Economic Recovery Loan Fund
The £3m fund was launched in May 2009, as part of the Mayor’s Economic Recovery Action Plan, to help ease the effects of the recession on SMEs.
London Legacy Loan Fund
The fund was set-up to reinvest the start-up loan fund legacy in accordance with requirements of original ESF grant.
London Technology Fund
The £15m co-investment fund was used to support London-based tech start-ups with proof of concept to the development stage.
Creative Capital Fund
The £6.5m co-investment fund was used to support London-based creative start-ups who were in the pre-revenue to the development stage.