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Birmingham Post

Business

Abigail Turner

The Cornwall & Isles of Scilly Investment Fund hits £100m milestone

Cornwall the British Business Bank CIOSIF

The Cornwall & Isles of Scilly Investment Fund has announced that it has invested over £100m in businesses in the Duchy.

The fund, launched by the British Business Bank and the Cornwall and Isles of Scilly Local Enterprise Partnership has invested over £21m to support the growth of more than 55 businesses, creating or safeguarding almost 1,000 jobs and attracting a further £80m of private investment.

Since its launch in 2018, the fund has been providing market-gap loans and equity investment to SMEs with high-growth potential via appointed fund manager, The FSE Group.

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