Archive for October, 2011
Local business leaders join MP to launch Bedford Business Fund and Mentoring Scheme
Posted by admin | Filed under Bedford & Kempston, Business, Economy, Universities & Skills
A new, local initiative aimed at invigorating the economic recovery by investing in a new generation of start up and early stage businesses is planned for Bedford. One hundred local business leaders from Bedford attended the launch by MP, Richard Fuller at the University of Bedfordshire.
The proposed Fund, which will be advised by local business leaders and managed by South East Fund Managers Limited, an FSA regulated entity, will seek to raise an initial fund of £500,000 in units of £10,000.
This will be boosted by co-investment from Finance South East and national government schemes, with a potential total of £2 million. Investments will be made on a purely commercial basis, with the goal of maximizing financial returns to investors.
