Cornwall & Isles of Scilly Investment Fund

Following its launch in 2018, the £40million Cornwall & Isles of Scilly Investment Fund (CIOSIF) became a significant part of the local funding ecosystem, working closely with a range of partners and stakeholder groups. CIOSIF provided a key stepping-stone for many early-stage businesses seeking to extend their growth after the initial stages of support from other organisations such as Falmouth, Plymouth and Exeter Universities, Cornwall Chamber of Commerce, CIOS Growth Hub and Oxford Innovation.

With a key emphasis on scalable technologies, Through CIOSIF we funded businesses across a range of sectors including MedTech, aerospace, advanced manufacturing, marine and renewables. We played an important role in assisting the economic prosperity of Cornwall over the life of the fund by backing the most ambitious Cornish SMEs, not only with the almost £30million CIOSIF  investments made but also with the significant private funding – more than £100million – that we helped bring into the region.

Operated by British Business Bank and supported by the European Regional Development Fund, CIOSIF nurtured regional entrepreneurship and helped to realise Cornwall’s potential to achieve economic growth through enterprise.