Investment by community development finance institutions (CDFIs): “Wholesale” CDFIs
SI2003/96 Schedule 1(11)
the investment exceeds the lesser of
- 20% of the amount of the investment fund at the immediately preceding anniversary of the accreditation date, and
- £2,500,000, or
the investment exceeds £250,000 and is made in a body other than a CDFI whose objective is to provide finance for enterprises within, or for, disadvantaged communities
The amount in the investment fund is calculated in accordance with SI2003/96 Regulation 9 (see CITM3010).
For investments made during the first year following accreditation the 20% limit operates by reference to the amount of the investment fund at the time the investment by the CDFI is made.