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Equity is likely to be invested into both creating and growing enterprises and supporting spin-outs from the public sector. It can be for for-profits of various kinds as well as social enterprises. The forms used will include: quasi-equity - which can be royalty based, or profit based; convertible loans: converted to equity linked to trigger points (for example, first equity funding round or turnover targets); and equity with full rights. Typical units: £100k-£5m, alongside debt.