News article

Mayor of London Announces £100m Greater London Investment Fund (GLIF)

31/05/2019

Sadiq Khan has launched the largest ever fund for small and medium-sized enterprises scaling-up in the capital.

As set out in the Mayor of London’s Economic Development Strategy, the Greater London Investment Fund (GLIF) comprises a range of financial instruments specifically created to provide finance where there remains evidence of persistent market failure in the SME funding ecosystem. This includes the ‘circular economy’, where investors tend to be reticent, given the unknown and unproven technologies and/or business models.

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