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    Signature(s)

    Amount
    € 80,575,848.73
    Countries
    Sector(s)
    United Kingdom : € 80,575,848.73
    Credit lines : € 80,575,848.73
    Signature date(s)
    8/04/2009 : € 80,575,848.73
    Link to source

    Summary sheet

    Release date
    21 December 2007
    Status
    Reference
    Signed | 08/04/2009
    20070348
    Project name
    Promoter - financial intermediary
    Jeremie - Finance Wales Fund IV
    Finance Wales plc (“FW”), a wholly owned subsidiary company of the Welsh Assembly Government.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to GBP 75 million.
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    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.

    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 contracts.

    Link to source

    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).

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