Greater London Investment Fund
The Greater London Investment Fund (GLIF) launched in May 2019 and is made up of two funding streams; equity or debt finance.
The FSE Group supports new and established small to medium enterprises that are investing in one of the 33 London Boroughs. The Fund typically provides debt loans of between £100,000 to £1million that are repayable within 3 to 5 years. The loans can be used to fund growth activities such as capex, sales and marketing activities, hiring new staff, new product development and entering new markets.
MMC Ventures supports equity stream of the Fund and will invest in founder-led businesses designed to grow fast, and with technology at the heart of what they do. As well as companies based in London, MMC will also back entrepreneurs looking to open an office in London or relocate their business, and will provide on-the-ground support.
Their core strategy will be to invest in businesses raising at the Seed and Series A stages, typically investing between £400,000 and £1m in the Fund’s first cheque.
As part of the Fund, MMC has created a new pre-seed programme: Greater London Labs. Labs will support promising entrepreneurs at the earliest stage of their journey, as they test and develop their product. MMC’s Labs investments will start from £50,000.