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Female and ethnic minority entrepreneurs trust plans IPO

Female and ethnic minority entrepreneurs trust plans IPO – Funding Focus Investment Trust, an investment trust for female and under-represented entrepreneurs, announced today that it is in process of seeking approval of a prospectus from the FCA with a view to launching an offer for subscription.The trust would offer investors access to businesses it has identified as high growth businesses across the UK and Europe, led by entrepreneurs who identify as female and/or non-white ethnicity.

Funding Focus says that it seeks to address the chronic under-investment in female and under-represented entrepreneurs of all genders in the UK and Europe, and to rectify the strong bias in the venture capital industry towards all male founding teams. For example, across the UK and Europe, despite the record-breaking sums invested, the share of funding to mixed gender teams fell from 14.6% in 2020 to 13.6% in 2021, and the share to all-female teams collapsed from 2.4% to just 1.0% of the total.

The board is chaired by Shalini Khemka, CBE, founder & CEO of E2E and Business Advisory Board Member to The Mayor of London. She was a former investment director at Lloyds Development Capital and Dealmaker for the Government focused on attracting fast growth tech start-ups to the UK. The other non-executive directors are: Julie Pomeroy (Chartered Accountant and experienced listed company finance director), Fran Boorman (award-winning business leader and author), Sophie Milliken (multi-award winning entrepreneur), Mehmuda Mian (former solicitor in commercial and professional indemnity litigation).

The executive directors and founders of the trust are David B Horne (CEO) and John P de Blocq van Kuffeler (CIO) – pictured above

FFIT : Female and ethnic minority entrepreneurs trust plans IPO

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