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CIF - Collective Investment Fund

Sector

Commercial Property

Geographic Availability

West Midlands Combined Authority area

Investment Amounts

£1m to £7m

Investment Directors

Nick Oakley
Gerald Gannaway

Supporting the West Midlands long term growth and stability

The Collective Investment Fund (CIF) supports the acceleration of commercial property developments within the West Midlands area. It is a revolving fund that aims to underpin the region’s long term growth and stability.

Created by the West Midlands Combined Authority (WMCA) the fund is open to property developers within the WMCA geography.

The fund has an initial pool of £70m to invest and provide capital for developing property projects where securing other funding sources are proving difficult. The Fund will commit capital to eligible commercial, light industrial and residential regeneration opportunities.The WMCA’s geography extends through three local LEP areas being Greater Birmingham and Solihull, the Black Country, Coventry and Warwickshire plus Telford and Wrekin.

Key Features

  • Funding available to eligible businesses within the WMCA area.
  • Investment from £1m to £7m.
  • Eligible projects include: commercial, light industrial and residential regeneration opportunities ( residential as part of a mixed scheme).
  • A revolving fund that recognises there is significant demand for real estate regeneration growth capital. 
  • Bringing inward investment, employment to the region, accelerating site regeneration and supporting strong cities and diverse town centres.

Eligibility

  • Known or referenced developers with a successful and proven track record.
  • Strategic brownfield regeneration sites that are unlikely to be redeveloped in the short term via normal capital markets.
  • Sectors – commercial, industrial, offices and residential.
  • Minimum funding £1m to maximum £7m.   
  • Funding may be on a senior debt, mezzanine or equity basis, will be fully secured where possible and on commercial rates to allow the project to proceed.
  • Maximum repayment term – 4 years.




For more information call Nick Oakley or Gerald Gannaway on 0345 319 4528 or email NickOakley@Frontierdevelopmentcapital.com or GeraldGannaway@Frontierdevelopmentcapital.com.