Welcome to the Beacon Fund

The Beacon Fund is a groundbreaking new equity investment initiative, commissioned by the Cornwall and Isles of Scilly Good Growth Programme and managed by Oxford Innovation Finance.

The purpose of the Fund is clear: to support ambitious early-stage businesses across Cornwall and the Isles of Scilly with equity investments of £20,000 to £200,000.

Whist the Beacon Fund is a single fund; it has been designed to accommodate two different investment stages:

  • Company founders have exhausted their own funds, including friends and family, and are yet to arrive at an inflection point that will secure interest from typical equity investment sources. This investment stage will be limited to investment up to £50,000 but will not necessarily require match funding from private sources.

  • Companies are at the stage where raising equity investment from the private market is viable, however they require that initial term sheet / letter of intent to convert this interest into a viable investment round. This investment stage will be from £50,000 to £200,000 and will require match funding from private sources.

Please note, this is a finite, competitive, investment fund which will operate on a commercial basis and therefore not all applicants will be successful.

The Beacon Fund Process

1.

Initial application appraisal

  1. Eligibility check

  2. Weighting against Fund priorities

  3. Review of submitted documents (Pitch deck, Business Plan & Financial Plan required)

2.

Company due diligence

  1. Applicant to complete investment questionnaire

  2. Investment proposal to be completed by Fund Manager

3.

Investment committee appraisal

  1. Applicant companies may be required to pitch to the Investment Committee and hold a Q&A session. This shall be mandatory for investment sought over £50,000.
You will be able to find additional information about the team and Investment Committee here.

4.

Legal due diligence

  1. Applicant to complete legal due diligence questionnaire
  2. Fund manager to review and assess
  3. If satisfactory, proceed to Letter of Intent / Term Sheet

Eligibility Criteria

To be eligible for the Beacon Fund, applicants must be able to answer ‘Yes’ to the following:

Additional weighting will be awarded to applicants who can clearly evidence the following

The company are operating in one or more of the following areas:

Productivity (BE2):

Equality (EQ4, EQ5, EQ6, EQ7):

Net Zero (C1, C2):

How to apply










    Please upload the following documents:
    Pitch deck, Business plan, Financial plan





    Team & Investment committee