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    Signature(s)

    Amount
    € 107,457,461.53
    Countries
    Sector(s)
    United Kingdom : € 107,457,461.53
    Credit lines : € 107,457,461.53
    Signature date(s)
    25/10/2010 : € 107,457,461.53
    Link to source
    Other links

    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
    Other links

    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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