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The Cornwall & Isles of Scilly Investment Fund (CIOSIF) delivers commercially focused finance via a dedicated debt and equity fund. It strategically deploys capital to foster business growth, offering tailored financial instruments to meet the specific requirements of smaller enterprises within its defined geographic area. This approach aims to cultivate sustainable economic development across the region.
The British Business Bank and the Cornwall and Isles of Scilly Local Enterprise Partnership (LEP) launched CIOSIF in 2018. This initiative arose from the UK Government’s strategic intent to invigorate the regional economy by addressing funding gaps and supporting the expansion of smaller businesses. The fund was established to build a more robust financial ecosystem for local enterprises.
Small and medium-sized businesses operating across Cornwall and the Isles of Scilly are the fund’s primary beneficiaries. CIOSIF’s mission is to unlock growth potential and enable job creation by providing these businesses with access to essential capital. Its long-term vision is centered on cultivating a prosperous and resilient regional economy, allowing local innovation and enterprise to flourish.
Cornwall and Isles of Scilly Investment Fund has 2 tracked investments across 2 companies. The latest tracked deal is $3.1M Grant / Seed in Neuronostics in April 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Apr 10, 2024 | Neuronostics | $3.1M Grant / Seed | Chris Wheatcroft | Empirical Ventures, Innovate UK, Qantx |
| Jul 1, 2020 | Codices Interactive | $1.0M Seed | Cornwall And Isles OF Scilly Investment Fund | Haatch |