Information on the funds
The Coalfields Funds were established by Communities and Local Government to finance growth-orientated companies and encourage entrepreneurship in England’s former coalfield areas.
These regions had previously been reliant upon the economic benefits of coalmining and there remains an ongoing need to encourage and assist both individuals and companies to diversify into new high growth sectors.
The Coalfields Funds are able to offer investment of up to £1 million in the form of equity and equity-related funding and are flexible in their approach. Companies at any stage in their development may apply for investment from the Funds, from start ups and early stage companies, to ongoing development capital and management buy-outs and buy-ins of more established businesses.
All applications for funding that meet the Funds’ criteria for investment are welcomed with each proposal assessed on its own commercial merits.
In addition to providing finance, the Funds also offer a broad range of support and guidance in assisting companies with their strategic, market and operational development, and in achieving their full potential.
Powelectrics secures funding package
Staffordshire-based Powelectrics Limited has secured a funding package from the Coalfields Funds
Second round funding for Transglobal Payment Solutions Limited
Further funding has been provided to existing investee, Transglobal Payment Solutions Limited
