The Coalfields Funds were set up to support the growth of businesses in England’s former coalfields.
The £10.0million Coalfields Enterprise Fund, launched in 2004, was supported by the Department for Communities and Local Government (DCLG). The Coalfields Growth Fund, also £10.0million, was launched in 2009 with a further £5.0million from DCLG alongside £5.0million from the Enterprise Ventures Growth Fund.
The Fund is now fully invested and the remaining portfolio continues to mature with a number of investees performing strongly and reporting increased profitability.
The Funds have recently announced four exits: Barber of Sheffield, Woodall Nicholson, ChargePoint and Finch.
For more details about the companies we have backed before, visit our Portfolio page.
Visit the Types of Funding page to learn more about the different types of finance which Mercia provides.
To find out more, please call us today on 0330 223 1430.