Joining up sources of Growth Finance for SMEs:

July 2011

Capital for Enterprise Ltd1 Broadfield CloseBroadfield Business ParkSheffield S8 0XN0114 206 2131www.capitalforenterprise.gov.uk

Capital for Enterprise is an independent asset manager with unique experience in small company finance

1. Capital for Enterprise Limited (“CfEL”) manages a number of equity and debt schemes, which together total more than £3.3bn to SMEs

2. Our independent Board of Directors has extensive knowledge of small company finance

3. CfEL has a wide and fully autonomous operational capability – financial, reporting and regulatory

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CfEL manages a number of equity and debt schemes, which together provide more than £3.3bn to SMEs

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Equity Schemes Nature Govt Commitment Total Fund Size

Enterprise Capital Funds Fund-of funds £181m*

(+£200m)

£277m*

(+>300m)

UK Innovation Investment Fund Fund-of funds £150m £325m**

Aspire Fund Co-investment £13m >£25m

Sub-total £344m £627m

Legacy funds:-•RVCFs•UK High Technology•Bridges CDVF•Early Growth Funds•Capital for Enterprise Fund

£196m £555m

Total £540m £1,182m

*To date, not including ECFs awarded but not operational.** At first close; the managers expect to increase this by the end of 2010

CfEL manages a number of equity and debt schemes, which together total more than £3bn to SMEs (continued)

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Debt Schemes Nature Govt Commitment Scheme Size

Enterprise Finance Guarantee*

Making additional loans available

from the banks by providing

guarantees

£195m £2,000m

SFLG (legacy) £195m £260m (declining)

Total £390m £2,260m

*This includes the loans drawn down plus additional unused capacity, including the £200m extension announced in the Budget in June 2010.

Enhanced Activity

Objective

Greater Coherence and Consistency of Public Interventions

• RDA Programmes– Over £900m of funding for SMEs

– Legacy and active funds will novate to BIS or SPVs

– CfEL will manage BIS interests and advise and/or take [partb in governance of SPVs

• Wider Role– HMG centre of expertise on SME risk capital

– Advising and acting for BIS, Scottish Government, Northern Ireland Assembly, DECC, OCS, DCMS

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