Will a bid be more likely to succeed if it favours a particular geographical region or business sector?
The key element in any bid to run an ECF will be that it identifies and targets an equity gap. The response to the Bridging the Finance Gap consultation has suggested that this is not restricted to particular sectors or geographical areas. As a result there are no specific regional or sectoral targets for ECFs. Bidders are welcome to target businesses in particular sectors or localities where they can demonstrate the existence of commercial opportunity and an equity gap and these applications will be assessed on the same basis as any other.
