Managed Investments are defined as investment, alongside the private sector, into managed lending funds, or other managed lending vehicles that on-lend funds directly to small and medium-sized enterprise (SME) borrowers.
This Request for Proposals explains the process, investment criteria and terms and conditions for submitting a Managed Investment proposal for the Business Bank Investment Programme. It provides potential applicants with the necessary information to decide whether to submit a proposal to the Programme, and to ensure that any proposals submitted are aligned to BIS requirements.
Vince Cable, Secretary of State for Business, has launched a £300 million Investment Programme. This is the first phase of the Business Bank, a new institution that will support finance for small and medium sized UK businesses.
The Investment Programme will invest alongside private investors to address long-standing gaps in the small and medium enterprise (SME) finance market. The Programme promotes greater diversity of debt finance available to SMEs by encouraging the growth of small lenders and new entrants in the market. The Department for Business Innovation and Skills (BIS) will make investments across a wide range of lending channels and lending products.
This request for proposals relates to Managed Investment proposals only. See also the Guidance Document for Direct Capital Investments.
For further information on Management Investments and Direct Capital Investments, see the Investment Programme to encourage lending to SMEs.