Signature(s)
Amount
€ 80,575,848.73
Countries
Sector(s)
United Kingdom
: € 80,575,848.73
Credit lines
: € 80,575,848.73
Signature date(s)
8/04/2009 : € 80,575,848.73
Link to source
Data sheet
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Summary sheet
Release date
21 December 2007
Status
Reference
Signed | 08/04/2009
20070348
Project name
Promoter - financial intermediary
Jeremie - Finance Wales Fund IV
Finance Wales plc (“FW”), a wholly owned subsidiary company of the Welsh Assembly Government.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 75 million.
Not applicable.
Location
Sector(s)
Description
Objectives
The Project concerns a credit line to a Venture Capital and Loan Fund to be set up by FW. FW is seeking to launch a pan-Wales Venture Capital and Loan Fund to provide risk capital in Wales under the Jeremie initiative (“Joint European Resources for Micro to Medium Enterprises”) This Jeremie fund will provide a range of finance to SMEs, including credit lines, equity and mezzanine investment.
Provision of finance for SMEs.
Environmental aspects
Procurement
Compliance with national regulations transposing EU environment directives will be required.
The fund will be subject to a formal tender process for the fund management contracts.
Link to source
Summary sheet
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News & Stories
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