More ambitious businesses from across parts of Hampshire and Surrey will be able to access vital funding to help them grow from today, as the Enterprise M3 Local Enterprise Partnership launches a new £10million Funding Escalator.
The Funding Escalator, which will be managed by The FSE Group, will be available to small and medium sized enterprises (SMEs) for activities that have the potential to deliver economic growth and job creation in the Enterprise M3 area. The new fund consists of three separate products: a medium-term loan facility, an equity investment fund and a short-term trade loan facility.
Dave Axam Chair at Enterprise M3 says: “There is an evidenced lack of appropriate commercial finance for businesses that wish to scale-up, particularly for new, fast-growing companies with lots of growth potential but little trading history. The FSE Group has vast lending and investing experience in this sector and has successfully delivered SME loans and investments on our behalf since 2014. We are delighted to maintain our relationship via this new initiative and continue our work together.”
Chief Executive of The FSE Group, Dean Mayer, adds: “This is a welcome endorsement of the work FSE is doing across the Enterprise M3 and other LEP areas, to support high growth SMEs and help them reach their full potential. Our approach provides rounded support over and above the money itself, ensuring the best possible outcomes for our portfolio companies and ultimately, the local economies in which we operate. We are excited to be managing this new £10million of funding on behalf of Enterprise M3 LEP and look forward to offering even more high-quality funding solutions to Enterprise M3 businesses.”
About The FSE Group:
The FSE Group provides tailored funding solutions and support for ambitious and innovative small and medium enterprises (SMEs), to help them achieve their maximum potential. This includes the Enterprise M3 Funding Escalator, which is one of a number of Local Enterprise Partnership backed funds that The FSE Group manage. For further information about the range of products and services offered by FSE, visit www.thefsegroup.com