Our portfolio broadly spans four core growth areas: i) Life Sciences & Bio-Sciences, ii) Electronics, Materials & Manufacturing / Engineering, iii) Digital & Digital Entertainment, iv) Software & the Internet. We invest from early stage through development capital to expansion capital into niche businesses typically providing a five to ten times return on investment over a four to seven year period with modest capital requirements over this journey (from £150,000 to £2m).
As of January 2017, there have been 56 investments made on behalf of Mercia's tax-efficient funds. To date, there have been six companies that have failed, five of which received only Seed EIS investment, which is in line with our Fail Fast policy. Investments that are made at this early stage will take longer to reach full value, but do offer the potential to deliver high multiple returns.