Business
Mercia's EIS Funds raise c.£20million
Mercia's EIS Funds raise c.£20million.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n RNS Reach\n \n \n \n \n \n \n 12 May 2022\n \n \n \n \n \n \n \n \n \n \n \n \n \n Mercia Asset Management PLC\n \n \n \n \n \n \n \n \n \n (\"Mercia\", the \"Group\" or the \"Company\")\n \n \n \n \n \n \n \n \n \n Mercia's EIS Funds raise c.£20million\n \n \n \n \n \n \n \n \n Mercia Asset Management PLC (AIM: MERC), the proactive, regionally focused specialist asset manager with c.£948million of assets under management (\"AuM\"), is pleased to note that its first Knowledge-Intensive (\"KI\") and annual Enterprise Investment Scheme (\"EIS\") funds have raised a combined total of c.£20million in new capital during the last year.\n \n \n \n \n \n The specialist KI fund will invest in high-growth businesses that generate a positive impact, as outlined by the United Nations' sustainable development goals.\n \n \n \n \n \n As one of the UK's leading providers of both EIS and Venture Capital Trust (\"VCT\") investment capital, these successful fund raises, together with the £40.0million recently raised by the Northern VCTs, means that Mercia has raised over £60million in new funds from individual investors during the last year.\n \n \n \n \n \n \n Mark Payton, CEO of Mercia, commented\n \n : \"As an exclusively national investor, focused on delivering capital and support to the UK regions, responsible investment is at our core. More broadly,\n Environmental, Social and Governance issues are quite rightly an increasingly important driver of investor decision making. We're therefore delighted to have raised our first Knowledge-Intensive fund that will capitalise on our experience of successfully investing in purpose-led regional SMEs\n .\n More broadly, raising over £60million in new funds from individual investors during the last year is testament to how our increasingly successful track record of delivering attractive realisations is supporting Mercia's strategy of scaling its assets under management\n .\"\n \n \n \n \n \n \n -Ends-\n \n \n \n \n \n \n For further information, please contact:\n \n \n \n \n \n \n \n \n \n \n \n \n \n Mercia Asset Management PLC\n \n \n \n Mark Payton, Chief Executive Officer\n \n \n Martin Glanfield, Chief Financial Officer\n \n \n \n \n www.mercia.co.uk\n \n \n \n \n \n \n \...