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Our history: exploring a new kind of funding |
When the Adventure
Capital Fund was launched in December 2002 our aim was to test
whether venture capitalist-style funding could succeed for community
enterprises.
We knew that
ambitious community-based enterprises struggled for funding, with
grants thin on the ground and commercial sector loans difficult and
costly to obtain.
Our first £2
million was used to test whether our unique combination of loans,
grants and support could work for community enterprises.
In our first few
years, the Adventure Capital Fund made more than £9m of
investments. The success of the early stages led to additional
investment funds and we began to grow in size and influence.
Today, the Adventure
Capital Fund is looking forward to our exciting future – a future
that builds on the successes of our early years.
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