Finance / Creative England to raise £1m through crowdfunding platform Seedrs
Creative England to raise £1m through crowdfunding platform Seedrs
21 January 2016 |
Creative England is planning to raise £1 million through crowdfunding platform Seedrs for a Creative Seeds fund to back a diverse portfolio of investment ready businesses in the creative and digital media sector.
The portfolio will include digital, content and games companies at early stage or looking for follow-on funding, which have been identified as having high growth potential, strong IP, existing revenues or the potential for revenue generation in the near term.
Over its four years of existence Creative England has invested £25 million into 440 of the UK’s most exciting creative industries companies. More recently, it has also started to help these businesses access the commercial funding and expertise of some of the world’s largest companies.
These include partnerships with global brands such as Microsoft, The Walt Disney Company, Playstation, BBC and Entertainment One.
Caroline Norbury, CEO of Creative England, said: “The creative industries are a key growth sector for the UK and it is small and medium size creative businesses that are driving that growth. But it’s still a new, fast-changing sector, businesses are dispersed across the country and it’s not so easy to spot a winner – and that’s where Creative England comes in.
“Over the last four year, our expert business team, based on the ground across the country, have helped unearth, as well as de-risk, hundreds of high growth-potential investment opportunities, resulting in a strong deal flow of investment ready propositions.
“And we’re always looking for new ways to provide much needed funding to our country’s creative entrepreneurs. In the last couple of years we’ve gained good experience of crowdfunding, harnessing the power of the crowd to unlock additional capital for small creative businesses and filmmakers.
“These forays have proved to be a resounding success. And we’re now looking to take that work to the next level with our own fund, to be opened to investors later in the year.”