The fund is managed by a fund group and is designed to be used in the technology and innovation sectors. Small businesses who are working in tech and innovation can apply for this fund which supports businesses through a range of stages in their ongoing development. The fund is designed to support businesses with their investments due to the seed and development finance. The fund is available up to a maximum of £1.25m along with the funding group also bringing in private finance from a range of investors.
Funding is not limited to start up and small businesses, the fund is also able to invest in more developed companies which are requiring a range of mezzanine finance.