The Northwest Regional Development Agency launched a 200 million euro investment fund aimed at meeting the 'equity gap' in development capital for small or medium sized companies in 2010
The Northwest Regional Development Agency (NWDA) and the European Regional Development Fund (ERDF) on behalf of a new holding company Northwest Business Finance Ltd (NWBF) announced the structure of the new long term Venture Capital and Loan Fund (VCLF) for the Northwest which will be one of the largest public sector VCLF in Europe and the largest in the UK. On the same day the first investment has been made from the Interim VCLF.
The new private company, NWBF, has been established to oversee the delivery of the new long term VCLF, under the Joint European Resources for Micro to Medium Enterprises Initiative (JEREMIE) in the Northwest.
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