A new £18m investment fund designed to support growing businesses in the UK West Midlands has been launched.
Private equity firm LDC, Advantage West Midlands and the European Regional Development Fund (ERDF) have partnered to create the Exceed – Midlands Advantage Fund.
The Exceed fund, which is administered by venture capital company Midven, focuses on investing in high growth businesses in the West Midlands region requiring between £250,000 and £750,000.
Exceed, which follows the launch of the already active Early Advantage Fund, is managed by Tony Stott, Midven’s Chief Executive, and Surjit Kooner, Investment Director for the fund.
FinSMEs
12/07/2010