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Summary sheet
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Greater London Investment Fund (GLIF) Limited is a 'fund of funds' initiative of the Greater London Authority and SME Wholesale Finance (London) Limited to promote SMEs access to finance. GLIF Limited mobilises European Structural Investment Funds (ESIF), as well as national grants, in addition to an EIB loan of GBP 50m provided under the terms of the UK SME Financial Instruments Programme approved by the EIB in 2015. GLIF Limited will be managed by SME Wholesale Finance (London) Limited, an experienced 'fund of funds' manager that is a wholly owned subsidiary of the Greater London Authority.
GLIF's objective is to increase the capacity and capability of SMEs and promote entrepreneurship in the Greater London Area, to support key sectors that enhance competitiveness, such as the emerging circular economy, where financial instruments will support the development and growth of new technologies and business models. It is expected that over 200 SMEs will benefit from loan and equity investments.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
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