The European Commission closes the art. 88(2) procedure in respect of regional venture capital funds in England

"United Kingdom – Commission decides to close the Article 88(2) procedure in respect of Regional Venture Capital Funds in England"* On 6 June 2001 the Commission decided to close, with a positive decision, the procedure laid down in Article 88(2) EC with regard to the Regional Venture Capital Funds proposed by the UK authorities. The Regional Venture Capital Funds are intended to fill a gap in the provision of risk capital to small and medium-sized enterprises. The gap is said to exist for investments in the range of GBP 100 000–500 000, since the return on such relatively small investments is insufficient compared to the high administrative costs. At least one regional fund will be set up in each of the English

Access to this article is restricted to subscribers

Already Subscribed? Sign-in

Access to this article is restricted to subscribers.

Read one article for free

Sign-up to read this article for free and discover our services.

 

PDF Version

Author

Quotation

Madeleine Infeldt, The European Commission closes the art. 88(2) procedure in respect of regional venture capital funds in England, 6 June 2001, e-Competitions June 2001, Art. N° 38987

Visites 109

All issues

  • Latest News issue 
  • All News issues
  • Latest Special issue 
  • All Special issues