The CCF is a £6.5m equity fund that helps talented entrepreneurs and businesses in London’s creative industries achieve their potential by providing seed capital investment and business support. It was established in March 2005 as part of the Creative London programme. Creative London is the strategic agency for the creative industries and is part of the London Development Agency.
The CCF will make equity investments of up to £650,000 in promising early stage companies. The CCF operates as a matching fund and so every £1 invested by the CCF must be matched by at least £1 in equity from private investors on the same terms. Typically, the CCF will invest up to £75,000 in its first tranche of investment. As each investee company grows and hits commercial milestones the CCF may invest further funds up to a possible total CCF investment of £650,000 (£1,300,000 including matching funding).
In addition, the CCF works closely with seasoned entrepreneurs and professionals throughout London to offer these nascent businesses not just investment but also the mentoring and support critical for success.
The Fund is available for businesses based in Greater London.
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The CCF is independently managed by AXM Venture Capital Limited and the capital has been contributed by the London Development Agency and the European Regional Development Fund.