Six Pathfinder Enterprise Capital Funds (ECF) were created by the Department for Business, Innovation and Skills (BIS) (previously the DTI and BERR), following competitive bidding in 2005. Each fund invests in small and medium-sized enterprises (SMEs) seeking equity funding in the ‘equity gap’ (up to £2 million). The Dawn Capital Fund was appointed to run one of these ECFs and was initially awarded £25 million of government funding.

The Dawn Capital Fund has been created by a group of successful entrepreneurs and experienced fund managers to invest throughout the UK, with an investment focus on traditional industries where pioneering companies are able to adopt innovative technology to improve products and services.

Dawn Capital are angel and institutional investors that have collectively invested in over 100 companies. Having profitably managed significant portfolios during the recent downturn, they have experienced first-hand the difficulty that even outstanding early-stage companies face in raising start-up capital, or established companies face in raising modest amounts (sub £2 million) of development capital. They came together in 2005 to specifically address this ‘equity gap’.

Applications may be submitted at any time

 

Key Criteria

  • SMEs based in the UK are eligible to apply, or where the investment will be of benefit to the UK economy.
  • ECFs will not be permitted to invest in the following sensitive sectors for which the guidelines on state aid and risk capital do not apply:
  • Synthetic fibres and yarns.
  • Motor vehicles.
  • Steel – ECSC products.
  • Steel – non-ECSC products.
  • The production of agricultural and fisheries products listed in Annex I referred to in Article 32 of the EC Treaty.

Eligible Expenditure – Capital Projects

Restrictions to follow

  • ECFs will not be permitted to invest in the following sensitive sectors for which the guidelines on state aid and risk capital do not apply:
  • Synthetic fibres and yarns.
  • Motor vehicles.
  • Steel – ECSC products.
  • Steel – non-ECSC products.
  • The production of agricultural and fisheries products listed in Annex I referred to in Article 32 of the EC Treaty.

Application Procedure

Contact Dawn Capital for further information. Dawn Capital

 


 

If you need any support in helping access this grant then please get in touch, we would be happy to help.

  • Don’t forget that if you get the funds we can also help you get further money back through the R&D Tax Credit scheme – a double win.

Thanks for reading.

Stephen Paxton

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