An investment programme aimed at getting high-growth potential companies ready to pitch for funding has been expanded.
The gateway2investment (g2i) programme is backed by the London Development Agency (LDA), and has now received £1.7m extra funding to extend its services.
The programme aims to help companies in creative and other key sectors secure investment.
Launched in 2005, the original concept of g2i was to educate and support businesses in the technology sector that were seeking development capital between £50,000 and £2m. The original three-year contract has now been extended until December 2008.
So far, the programme has managed to access £14m of private sector funding, with more businesses currently in talks with private investors.
Simon Littlewood, manager of the g2i programme said:
“We are delighted that the LDA has decided to extend the programme to include a range of new sectors both to the benefit of the companies and the capital as a whole.
“Companies seeking investment funding must do everything they can to stick out from the crowd, and g2i aims to help them prepare themselves for scrutiny and to open doors to the decision makers,” he added.
The expansion will be celebrated with a launch event on Wednesday 24th October.
© Crimson Business Ltd. 2007