Who owns the Fund and what happens to any profits it makes?
The initial capital of £5m was provided by the DTI through their Early Growth Fund Project. In 2006 this was topped up by Advantage West Midlands with another £3m. At the end of 10years the capital will have to be paid back, together with 6% compound interest and then if there is any surplus after that it will be shared equally between the funders and the Fund’s management team.
