Government Funding For Cloud Computing Companies

We are advised that £40 million is to be made available by the government to invest in SMEs in the cloud computing and ‘software-as-a-service’ markets. Notion Capital will target firms with high growth potential and has so far attracted funding of almost £63 million from the Government, private investors and the European Investment Fund (EIF).

Business and enterprise minister Mark Prisk said: “Notion Capital is the largest Enterprise Capital Fund to date and will help a significant number of firms to grow and create jobs, boosting our economy.”

There is more on Notion Capital at:
http://nds.coi.gov.uk/content/detail.aspx?NewsAreaId=2&ReleaseID=424106&SubjectId=2

MGBA

martin.parry@mgba.co.uk

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