Posted on May 06, 2013 by Sandy Finlayson |
Last week, I attended a very interesting seminar hosted by BIS who are doing a series of roadshows round the country to promote the new Business Bank and in particular their first offering which will be a £300 Million investment fund.
The Business Bank will not be a retail bank and they are looking for proposals from experienced managers who would be interested in managing Loan Funds which would be structured as conventional Limited Partnership Funds. The Business Bank is willing to provide matched funding on a pari passu basis. Full details can be found here and here.
If you are interested, you should act quickly as they are looking for initial Expressions of Interest for the managed funds by 22nd May. The funds will be allocated to managers on a competitive basis and they are likely to attract a lot of interest.
0131 226 8202