In 2004, the then Mayor of London established SME Wholesale Finance (London) Ltd (now rebranded as Funding London), with a specific long term mandate to support the Economic Development Strategy for London through SME funding activities. Funding London was designed to act as a ‘holding vehicle’ for the Access to Finance Funds. The initial fund was
financed by London Development Agency, European Regional Development Fund Programme (2000–2006) and the European Social Fund.