The Cornwall & Isles of Scilly Investment Fund (CIOSIF), supported by the European Regional Development Fund, provides commercially focussed finance through a Debt and Equity Fund.

The British Business Bank has established the Cornwall & Isles of Scilly Investment Fund in partnership with the Cornwall & Isles of Scilly LEP, and it provides £40m of investment to boost small and medium business (SME) growth in the area.

The Cornwall and Isles of Scilly Investment Fund aims to transform the finance landscape for smaller businesses in the area and to realise the region’s potential to achieve economic growth through enterprise.

£200m of government funding for the South West was announced in the Spending Review 2021. The new South West fund will build on the success of the Cornwall and Isles of Scilly Fund across the wider region.

The current Cornwall and Isles of Scilly Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.