Release date: 2 June 2009
Promoter – Financial Intermediary
The fund is promoted by North West Regional Development Agency.
Location
Description
Funding for a Venture Capital and Loan Fund, set up to provide risk capital in the North West of England under the JEREMIE initiative.
Objectives
Provision of Finance for SMEs.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 105 million.
Total cost (Approximate amount)
Up to EUR 210 million.
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 contract.
Status
Signed - 25/10/2010
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).