Last week, Creative England announced the latest milestone. The company revealed it is planning to launch an equity crowdfunding campaign on Seedrs to raise £1 million for the venture capital fund Creative Seeds.
Creative England has reportedly invested £25 million into 440 of the UK’s most exciting creative industries companies since its launch four years ago. Recently, the company started to help these businesses access the commercial funding and expertise of some of the world’s largest companies, including through groundbreaking new partnership models with global brands Microsoft, The Walt Disney Company, Playstation, BBC, and Entertainment One. This latest step is the first time it will give private investors the opportunity to back exciting startups and benefit from its expertise and network.
According to the company, this new opportunity will allow the public to back a diverse portfolio of investment-ready businesses in the creative and digital media sector selected and shaped by Creative England’s world-class advisory board of business leaders, all of whom have decades of experience of successfully investing in creative businesses. The portfolio will include digital, content and games companies at early stage or looking for follow-on funding, which have been identified as having high growth potential, strong IP, existing revenues (or the potential for revenue generation in the near term), and experienced and ambitious management teams.
CEO of Creative England, Caroline Norbury, stated:
“The creative industries are a key growth sector for the UK, and it is small and medium size creative businesses that are driving that growth. But it’s still a new, fast-changing sector, businesses are dispersed across the country and it’s not so easy to spot a winner – and that’s where Creative England comes in.
“Over the last four years, our expert business team, based on the ground across the country, have helped unearth, as well as de-risk, hundreds of high growth-potential investment opportunities, resulting in a strong deal flow of investment ready propositions.”
She then added:
“And we’re always looking for new ways to provide much needed funding to our country’s creative entrepreneurs. In the last couple of years we’ve gained good experience of crowdfunding, harnessing the power of the crowd to unlock additional capital for small creative businesses and filmmakers. These forays have proved to be a resounding success. And we’re now looking to take that work to the next level with our own fund, to be opened to investors later in the year.”
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!