Mercia EIS Funds

Mercia Fund Management launches flexible, cost effective workspace for early stage gaming and technology businesses

14th May, 2014

Entrepreneurs take advantage of new tech start-up hub in UK gaming hotspot

Henley-in-Arden, 13 May 2014. Mercia Fund Management (MFM), a leading provider of investment and business support services for fast-growing technology companies, has created a high quality workspace targeted at early stage gaming businesses at its Forward House head office in Henley-in-Arden.

Mercia Fund Management is a highly active investor in the UK gaming sector with a number of recent investments including nDreams and No Yetis Allowed. Mercia Fund Management also recently enhanced specialist gaming expertise within the business by appointing executives Mike Hayes, former CEO of SEGA and Nick Wheelwright, former CEO of Codemasters.

Mike Hayes explained why he is expecting initially to attract gaming start-ups from Leamington Spa, Coventry and the wider West Midlands area. “Tenants at Forward House Workspace benefit from access to an established, knowledgeable and active investor in the games and digital market. We’re offering well-equipped office space and unrivalled support for new and burgeoning business ventures in the UK gaming sector.”

Mercia Fund Management is looking to attract entrepreneurs who are at an early stage with scalable ideas even if they are not currently part of the venture capital fund investor’s portfolio.

Nick Wheelwright concluded: “Forward House Workspace offers a superb place for people working in the games industry. Not only will they benefit from great office space and the ability to work alongside other games companies, but they have direct access to experts in finance, funding, business operations, marketing and gaming. An exciting place to be for anyone in gaming, especially early-stage entrepreneurs.”

From hot desks to larger offices, there are several options available for start-up gaming companies. For further information please contact: Josh Levy, Mercia Fund Management, joshl@merciafund.co.uk, +44(0) 330 223 1430. Alternatively please click here http://www.merciafund.co.uk/about-us/forward-house-workspace/ to access the Forward House Workspace webpage.

Mercia Growth Fund 3 is the latest incarnation of the company’s EIS / SEIS hybrid fund. The fund offers initial and follow-on funding to companies with a growing revenue base and highly scalable technology offering at their core with global applications. The tax efficient structure of the fund makes EIS and Seed EIS a compelling investment structure for private investors. The closing date for Mercia Growth Fund 3 is set at May 2014.

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