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Jeremie Fund North-West of England

Summary sheet

Release date
2 June 2009
Status
Reference
Signed | 25/10/2010
20090030
Project name
Promoter - financial intermediary
Jeremie Fund North-West of England

The fund is promoted by North West Regional Development Agency.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 105 million.
Up to EUR 210 million.
Location
Sector(s)
Description
Objectives

Funding for a Venture Capital and Loan Fund, set up to provide risk capital in the North West 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 contract.

Link to source
Summary sheet
Jeremie Fund North-West 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.

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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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