Release date: 11 February 2009
Promoter – Financial Intermediary
The fund is promoted by One North East, the Regional Development agency for NE England.
Location
Description
Funding for a Venture Capital and Loan Fund set up to provide risk capital in the North East of England under the Jeremie initiative.
Objectives
Provision of Finance for SMEs.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 62.5 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 - 27/11/2009
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).