Equity investment opportunities offered to UK small and medium-sized companies to enable rapid business growth and development in supported companies.
The Fund has a total investment pot of £10 million available.
Individual equity investments will range from £250,000 to £5 million.
The Enact Fund is funded and administered by Endless LLP, a transformational investor. Endless is an independent UK-based private equity house, specialising in the provision of financial investment and hands-on operational expertise to businesses facing challenges or finding themselves in special situations.
Enact has sourced its capital from high net worth and professional investors and is structured to benefit from the Enterprise Investment Scheme (EIS) giving investors access to attractive benefits such as 30% income tax relief and capital gains tax relief.
Equity investments provide finance alongside a financial partner sharing the ambitions of the funded business to grow rather than merely repaying a loan. Enact equity investments go directly into a company. Typical Enact equity investments are three to five years in length.
The scheme is the first offered by Endless that specifically targets small and medium-sized companies with 250 employees or less. Enact will leverage the combined expertise of its investor base, comprised of successful UK entrepreneurs and professionals who bring experience from industry sectors such as retail, manufacturing, distribution and financial services.
In addition to benefiting from an active investor base, Enact will operate an advisory board to provide additional perspective and skills to the Enact investment team. The board will offer a cross section of financial, operational and advisory expertise as well as corporate governance.
Start-up businesses may not apply.
Businesses operating in the following sectors are excluded:
- Legal services
- Property development
- Nursing homes
Established UK-based small and medium-sized enterprises (SMEs) with less than 250 employees may apply. Businesses may be operating in any sector other than leasing, legal services, property development, hotels, nursing homes and insurance.
Enact's investment strategy is to invest in companies have a robust business model, but are facing cash flow constraints, strategic or operational issues.
Applicants must meet the qualifying criteria for [GF001252] EIS [/GF] investments and be demonstrate they would benefit from a hands-on investment approach.
Match funding is not a stipulated requirement of this programme.
Investments are to be used to aid business development.
Applications may be submitted at any time.
Frequency: Rolling programme.
Link to guidelines:
Further advice and assistance with submitting an application may be sought directly from Endless LLP.