The Greater London Investment Fund (GLIF) operates as a £100m fund of funds, providing loan and equity finance for London's SMEs, through three sub-funds; MMC Ventures, manage the Equity Fund and FSE Fund Managers manage the Loan Funds. The Funds began investing in May 2019.
141 SMEs Supported
3640 Jobs Created and Safeguarded
£69.9 million Amount Invested
Launched 2014 150 startups supported
£25m (including re-investing proceeds of exits).
Over 5,680 jobs have been created by LCIF Investee companies since initial investment.
Pre-seed / seed
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 currently closed to investment.
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.
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.
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.
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.
The fund was set-up to reinvest the start-up loan fund legacy in accordance with requirements of original ESF grant.
The £15m co-investment fund was used to support London-based tech start-ups with proof of concept to the development stage.