Advantage Growth Fund

The Advantage Growth Fund is a £17.5 million Fund established with funding from the Small Business Service (Dti), the European Investment Fund, Barclays Bank, the Royal Bank of Scotland, HSBC, the universities of Warwick, Coventry, Aston, Birmingham and Central England and Millpoint West Ltd (a subsidiary of Midven). The purpose of the Fund is to provide venture capital to small to medium sized enterprises located in the West Midlands region that includes Shropshire, the Wrekin, Staffordshire, Stoke, Warwickshire, Worcestershire, Herefordshire, Wolverhampton, Dudley, Walsall, Sandwell, Birmingham, Solihull and Coventry. Typically, it will invest in young, well managed businesses with high growth potential. The fund can provide venture capital investment of up to £330,000 in any one company at any one time. It can provide further venture capital to existing investee companies providing the total investment in any one company does not exceed £600,000, unless other investors are introduced.