COVID-19 update

Maven has been monitoring closely the impact of the ongoing COVID-19 public health crisis for both businesses and individuals, including statements from the UK and Scottish Governments about potentially easing the current lockdown restrictions. As government guidance is still evolving, and a number of protective measures remain in place nationally, Maven will continue to take into consideration both UK government advice and the approach taken in Scotland.

The health and safety of investors, staff and business contacts is paramount during this difficult period, and Maven took early preventative action to enable our entire UK business to migrate quickly to a remote working basis and maintain comprehensive coverage of all key business areas.

Our regional investment teams have maintained regular dialogue with portfolio companies, providing advice and support as required to adapt to the challenging business environment. This support has included guidance around accessing Government initiatives designed to help businesses and employees, such as the Coronavirus Job Retention Scheme or the Coronavirus Business Interruption Loan Scheme (CBILS).

The smooth transition to remote working has also enabled our team to continue to source new opportunities for our investors, and Maven has completed a number of new investments since March in UK growth companies.

We wish continued good health to all of our portfolio businesses, investors and business contacts, and their families, and look forward to being able to resume normal business as soon as it is safe for all involved.

Please continue to contact Maven using the telephone numbers provided; all general enquiries should be directed to our Glasgow office on 0141 306 7400 or by e-mail to enquiries@mavencp.com.

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