Accelerator Fund FAQs
What investment can the funds be used for?
The Accelerator Fund can be used for a wide range of business costs and generally to support growth. Areas of the business eligible for funds might include marketing, product development costs, recruitment fees and the cost of new personnel.
In what circumstances would Finance South East look to take a stake in the company's equity?
We would not normally consider this as an option. If however an equity stake was considered it would depend on the perceived risk and the short term cash position of the company.
How long does the process take?
It usually takes between 4-6 weeks from receipt of the business plan and application form through to an offer being made. It is difficult to be precise as the situation for each company is different.
Will Finance South East look for director's guarantees?
We do not usually ask for director's guarantees. The decision to do so would be linked to specific circumstances and would be for a limited amount.
Is it possible to use the Accelerator Fund as part of a larger funding package?
Yes. We encourage companies to have as wide a funding base as possible as this gives a greater chance of success. The companies we deal with often have support from banks as well as asset finance companies and we liaise with private investors as well as financial institutions.
