The Fund is fully invested and Mercia is focused on managing and supporting the portfolio to build some really exciting businesses.

The Seedcorn Fund invested from £50,000 up to £780,000 in early-stage innovative or technology-based ventures which have the potential to become ‘beacon companies’ for the Yorkshire and Humberside region.

Portfolio businesses are working on new and innovative technology with ideas that have strong potential and once in the market, are capable of rapid growth.

The Fund filled a gap in the market for ventures that are often seen as too risky for mainstream providers or which require more hands-on support from a specialist investor.

This Fund is part of the £90.0million Finance Yorkshire Fund which is financed by the European Regional Development Fund and the European Investment Bank as part of the JEREMIE programme, which aims to improve access to finance for SMEs.