Release date: 21 December 2007
Promoter – Financial Intermediary
Finance Wales plc (“FW”), a wholly owned subsidiary company of the Welsh Assembly Government.Location
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)
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
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).