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Enterprise M3 Funding Escalator

Last updated 14 September 2023
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The Enterprise M3 Local Enterprise Partnership has committed £10 million of capital to create a funding escalator comprising a loan scheme and an equity fund managed by The FSE Group.

If you are an ambitious SME based within the Enterprise M3 geographic area with the potential to deliver high growth and employment opportunities, you may be eligible to apply.

The FSE fund managers offer guidance and support during the application process and further help after the loan or investment is made. More information and details about how to apply can be found below.

Enterprise M3 Expansion Loan Scheme:

The Enterprise M3 Expansion Loan Scheme can provide up to £500,000 by way of a loan to established SME businesses requiring finance to implement expansion activities that will deliver substantial growth.

Enterprise M3 Growth Fund:

The Enterprise M3 Growth Fund invests in high growth small and medium sized businesses and can provide up to £500,000 as an equity investment. The investment must be matched by at least an equal amount of private investment, which the FSE Group can work with the company to source.

A further product within The FSE Group’s portfolio for which your SME could be eligible is the Trade Finance Loan Scheme.

Enterprise M3 Short Term Trade Loan Scheme

The term trade finance loan is available to eligible SMEs who are established as a limited company and have a material part of its operations located within the Enterprise M3. 

Loan amounts range from £50,000 – £500,000 and are repayable over 3 – 12 months.

You could be eligible for this scheme if you have a short-term trade funding requirement that may include the following criteria:

  • Working capital for specific new contracts or orders, which would enable your business to fulfil orders or contracts
  • Short term irregular invoicing patterns from specific contracts/projects
  • Up-front tooling requirements for identifiable medium-term contracts or export activity
  • Cash-backing for performance bonds/guarantees: temporary credit enhancement to enable banks to support SMEs in the tendering and delivery of significant/strategic contracts

For more information contact Cheryl Weeks at Tel: 01276 607303 / 07866 835143.

From 1 April 2024, the responsibility for LEP functions across the Enterprise M3 LEP region has transferred to Hampshire County Council and Surrey County Council.

The Enterprise M3 Board met for the last time in March 2024 and Enterprise M3 LEP is no longer operating as an organisation.

For any enquiries relating to economic development across the counties of Hampshire and Surrey, please visit the Hampshire County Council website and Business Surrey respectively.

Please note that Enterprise M3 LEP staff have transferred to Hampshire County Council to continue to deliver services and activities in Hampshire, including the Growth Hub, the Careers Hub, work on key business sectors, and trade and investment.  
They can be contacted at

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