European Regional Development Fund

Crescent Capital III LP, launched in 2013, is a venture capital fund designed to help SMEs in Northern Ireland accelerate their growth.

Invest NI has committed £15 million of funding to this fund, which has the potential to invest over £24 million in SMEs over the five years from 2013.  Invest NI’s investment in the fund is part financed by the European Regional Development Fund under the EU Investment for Growth and Jobs Programme 2014-2020.

Invest NI is the Northern Ireland government organisation focused on supporting businesses that are delivering economic growth within Northern Ireland.  Invest NI’s Access to Finance programme has enabled the establishment of six investment funds providing over £170m of available finance.  The funds are both debt and equity based, and invest in export focused businesses across the full spectrum of growth or development.