Funding London was established in 2004by the then Mayor of London under the name SME Wholesale Finance (London) Limited, with the specific long-term mandate to support the Economic Development Strategy for London through its SME funding activities.
Since it’s founding, Funding London continues to channel funding from Europe and the UK through appointed fund managers to sustainable and ambitious London SMEs caught in the funding gap. Effective on 31 October 2017, Funding London became a wholly owned subsidiary of the Greater London Authority (GLA).
SMEs play a very significant role in London’s economy, not least of which is the creation of jobs and prosperity. But SMEs also face hurdles that business founders and management teams must clear before securing growth capital. With many SMEs still struggling to access the finance they need, due to either the finance gap that prevails at the earlier stages of development, or simply due to the size of the business.
Through its funds, Funding London bridges the London funding gap and enables real opportunities for sustainable growth. Returns generated from its funds are ploughed back into the London ecosystem, making investment available to the next generation.
We are in the final stages of launching a new £100m Fund of Funds, the Greater London Investment Fund, which will provide loan and equity finance for London’s SMEs, through investments in three sub-funds – a venture fund and two SME loan funds. Due to its size, this fund will more than double the size of our funds under management and significantly expand the scope of our activities.
Funding London’s aims are to champion, develop and invest in great companies based in London. The early stage ecosystem is what makes London the best at what it does.
Together with our various Funds and VC Partners we support the creation of meaningful and lasting jobs in London. We add economic value to London by creating wealth generating capabilities of the companies invested in. We are here to support a successful early stage growth engine in London.
We are seeking to appoint a Director of Strategic Delivery for our new Fund of Funds, the Greater London Investment Fund. This is a brand-new post within our organisation with the specific responsibility to monitor all aspects of the delivery of this transformational project for us.
The successful candidate will be able to demonstrate experience and a successful track record in a project management, internal audit, CF Analyst/executive or similar role, and ideally have a sound knowledge and understanding of financial and management information practices. Particularly in relation to use of various forms of public funding and grants.
The key responsibilities of the role are:
• Establish operational processes for delivery of the Fund of Funds project, coordinating the activities of each Fund Manager, in order to ensure output targets are met;
• Establish effective monitoring processes to ensure our contractual obligations are complied with and the project is delivered on time and to a high standard;
• Establish effective relationships with and act as a central point of contact on project management issues for each of the fund managers, our funding organisations, the Mayor of London and other stakeholders;
• Proactively develop, foster and maintain a network of internal and external contacts in order to successfully deliver the project;
• Lead on the delivery of outputs, outcomes and financial reporting obligations; and critical performance indicators;
• Take a pro-active approach to coordinate communication across the GLA, ERDF, EIB, LWARB and other stakeholders, co-ordinating activities and messaging with our Marketing and Communications Manager, and the Financial Controller.
For an informal and confidential discussion, please speak with our advisors at Berwick Partners; Marek Dobrowolski on 0121 654 5912 Ruth Hernandez Turner on 0121 654 5936
Closing date for applications: Thursday 31st January 2019
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