Bridges Community fund to target deprived areas

A venture capital fund investing in the most deprived areas of England is being opened up to high net worth individuals for a minimum investment of £100,000. The Bridges Community Development Venture Fund carries no tax incentives but its structure gives downside protection to investors. It is looking to raise £20m from institutions and high net worth individuals and the money raised will be matched by the Government. Within the fund, 50% of the Government allocation will be structured as a _subordinate' or _junior' fund. This portion, which will equate to £10m if the Government's m...