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JEREMIE FUND NORTH EAST OF ENGLAND

Signature(s)

Amount
€ 80,764,996.63
Countries
Sector(s)
United Kingdom : € 80,764,996.63
Credit lines : € 80,764,996.63
Signature date(s)
27/11/2009 : € 80,764,996.63
Link to source
Data sheet
JEREMIE FUND NORTH EAST OF ENGLAND
Other links
Summary sheet
JEREMIE Fund North East of England

Summary sheet

Release date
11 February 2009
Status
Reference
Signed | 27/11/2009
20080463
Project name
Promoter - financial intermediary
JEREMIE Fund North East of England

The fund is promoted by One North East, the Regional Development agency for NE England.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 62.5 million.
Not applicable.
Location
Sector(s)
Description
Objectives

Funding for a Venture Capital and Loan Fund set up to provide risk capital in the North East of England under the Jeremie initiative.

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
JEREMIE Fund North East of England
Other links
Data sheet
JEREMIE FUND NORTH EAST OF ENGLAND

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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