Merseyside Special Investment Fund (MSIF) is looking to appoint a new Non-Executive Director to its board.
About MSIF: MSIF and its subsidiary company Alliance Fund Managers (AFM) provides loans and equity finance up to £2million+ to businesses predominantly in the Liverpool City Region but also across the wider North West.
Finance can be used to support new and growing businesses to fund start-up costs, expansions, MBOs/MBIs, mergers and acquisitions.
Originally formed in 1994, MSIF was created to manage money from the European Regional Development Fund (ERDF) after Merseyside was awarded Objective One status, which was also matched with private sector investment. Since then MSIF has gone on to raise further funds from different sources including The Regional Growth Fund, Start Up Loans Programme and The North West Fund. MSIF has also created a legacy fund with returns on investments from the original funds which were surplus once all the private sector money had been repaid.
To date MSIF has invested over £155m into over 1,800 businesses.
The Fund has played an important role in the economic resurgence of the Liverpool City Region for over 20 years. However, there is much more to be done as Liverpool continues to lag behind other regions in terms of its number of growing SME’s. Job description
We are looking for a Non Executive to join the Board which currently comprises the Chair, Chief Operating Officer and representatives of the three guarantors Liverpool Chamber of Commerce, Liverpool City Region Local Enterprise Partnership (LEP) and MSIF Partners.
The Board is responsible for devising the company's strategy including investment priorities and sourcing additional funding, approving the annual budget and signing off the financial statements. Board meetings are held monthly but you may also be required to attend some networking events and some key MSIF initiatives.
The Role • Provide independent and objective input into the strategic direction of the company • Support the executive management team by providing an objective sounding board for plans and ideas; • Work with the rest of the Board to ensure the fund maintains a high standard of corporate governance. • Use contacts and networks to assist in key strategic initiatives and, in particular, raising new funds • Assisting with other key strategic initiatives including driving deal flow and promoting the MSIF brand to a wider audience • Represent the fund at local and regional networking events
Experience & Attributes
Applicants must have good business knowledge and preferably a background in finance such as banking or venture capital or should have run a successful business themselves. It is essential that applicants are well connected within the local business and professional community, particularly in Merseyside and preferably across the wider North West. Suitable candidates must have good networking and business development skills. They should also have strong interpersonal skills and be able to form good relationships with fellow Board members. Applications
Applications should be made by way of enclosing a CV of maximum 2 Pages together with a covering letter detailing why you are applying for the position & how you consider that you meet the Experiences & Attributes required.