Jeremie - Finance Wales Fund IV

Promoter – Financial Intermediary

Finance Wales plc (“FW”), a wholly owned subsidiary company of the Welsh Assembly Government.

Location

• United Kingdom

Description

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.

Objectives

Provision of finance for SMEs.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

Up to GBP 75 million.

Total cost (Approximate amount)

Not applicable.

Environmental aspects

Compliance with national regulations transposing EU environment directives will be required.

Procurement

The fund will be subject to a formal tender process for the fund management contracts.

Status

Signed - 8/04/2009