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The UK Innovation Investment Fund, announced in June 2009, will be developed to provide an additional boost for high-growth, high-technology businesses struggling to raise equity finance, alongside existing national equity interventions. The Government have committed £150 million with the aim of attracting significant private sector investment into a fund of funds, to invest into underlying...
Regional venture capital funds (RVCFs), launched in 2002, were designed to increase the amount of equity investment available to SMEs in amounts up to £500,000 to SMEs that demonstrate growth potential. From a total fund size worth £250 million, £133 million has been invested in 356 companies. This includes a government commitment of nearly £75 million which has been fully drawn down. The...
This Government continue to act to ensure that viable small businesses are able to access the finance they need to assist them during the current economic downturn and to invest in the future. For example: the Chancellor's Lending Panel of the major banks and Ministers monitors the flow of lending and recommends action to increase lending where necessary; we have secured binding agreements to...
Entered the House of Lords on 11 July 2007
Party was Labour until 7 Dec 2011
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This data was produced by TheyWorkForYou from a variety of sources. Voting information from Public Whip.