The investment objective of the Group is to generate capital growth for Shareholders by becoming a leading national player in the creation, funding, incubation and development of high-growth technology businesses with an emphasis on the Midlands and the North of the UK.
The Group intends to meet its investment objective by:
The Group will seek exposure to developing companies which combine technology and service provision, have significant intellectual property, are scalable and require relatively modest capital infusion. The Group will primarily seek exposure to developing companies in, but not limited to, the following sectors:
There is no limit on the size of a direct investment by Mercia Investments in a business. Once fully invested, the Board anticipate that Mercia will typically derive its income from a portfolio of not less than eight companies.
MFM manages each MFM Fund in accordance with their respective investment objective and policy (a summary of which is set out at paragraph 7 below) each of which, for the avoidance of doubt, is distinct from the investment objective and investment policy of the Group and the investment objective and investment policy of the other MFM Funds.
In respect of direct investments made by Mercia Technologies, the Directors will apply some or all of the following investing strategy to achieve the investing policy: