The Northwest Regional Development Agency (NWDA) has today launched its £140m venture capital loan fund, as revealed in the June 23 issue of Crain’s Manchester Business.
The agency held an event in Warrington attended by Treasury ministers Yvette Cooper MP, Jane Kennedy MP, Regional Minister Beverley Hughes and around 100 business leaders.
The £140m Venture Capital Loan Fund consists of £70m of European funding which will be used to support small and medium-size businesses unable to raise finance on the open market because its funding requirements are too small for commercial equity funders.
A £40m package to stimulate business investment in skills has also been announced and a new £10m programme has been set up to support high growth business.
Friday, September 5, 2008
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