The Greater London Investment Fund

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.

Find out more →

141 SMEs Supported

3640 Jobs Created and Safeguarded

£69.9 million Amount Invested

GLIF Fund Managers

GLIF Stakeholders

The London Co-Investment Fund

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.

Find out more here →

LCIF Investees

Exited Businesses

LCIF Investment Partners

LCIF Stakeholders

Past Funds

Funding London launched its first fund in October 2004 and over the past 20 years we have successfully supported London based SMEs by investing via equity and loan funds.

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.

Investment Highlights

  • 16 companies funded

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.

Investment Highlights

  • Investments in world class companies across nine sectors

  • Exceeded Portfolio target with 19 companies

  • Co-investment multiple of 8.16x

  • 738 Jobs created

  • 183 Jobs safeguarded

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.

Investment Highlights

  • Start-up loans (funded by ESF) up to £20k to businesses with less than 18 months trading (116 SMEs)
  • Growth loans up to £50k to businesses with at least 18 months trading (134 SMEs)
  • Mezzanine loans up to £100k to established businesses with at least 18 months trading (8 SMEs)
  • Social enterprise loans up to £250k to community focussed businesses (13 SMEs)

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.

Investment Highlights

  • Targeted at established SMEs for whom working capital or other facilities were withdrawn at short notice by banks, and/or where alternatives offered would have been prohibitively expensive or not met cash flow requirements for business
  • 88 businesses received loans

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.

Investment Highlights

  • 43 loans have been made to date of on average £7.5k to £10k to businesses trading for less than 3 years
  • Target portfolio of c. 50 loans
  • Repayments will automatically be re-lent

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.

Investment Highlights

  • 11 industry subsectors
  • Maximum investment £1.5m
  • Co-investment multiple achieved is 4.3x
  • Portfolio of 8 companies

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.

Investment Highlights

  • 5 industry subsectors
  • Maximum investment £650K
  • Co-investment multiple achieved is 2.3x
  • Portfolio of 17 companies

2023 SME Wholesale Finance (London) Limited trading as Funding London



5th Floor, 330 Holborn Gate, 326–332 High Holborn, London, WC1V 7QH

Company number: 05165896

2023 SME Wholesale Finance (London) Limited trading as Funding London



5th Floor, 330 Holborn Gate, 326–332 High Holborn, London, WC1V 7QH

Company number: 05165896