Regional Venture Capital Fund

Trade and Industry written question – answered on 12th February 2004.

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Photo of Stephen O'Brien Stephen O'Brien Shadow Secretary of State for Business, Innovation and Skills, Shadow Secretary of State for Industry

To ask the Secretary of State for Trade and Industry what assessment she has made of whether investment activity rates will achieve their investment targets for the regional venture capital fund.

Photo of Nigel Griffiths Nigel Griffiths Parliamentary Under-Secretary, Department of Trade and Industry

At 31 January 2004, eight funds have invested £21 million in 86 SMEs.

The Funds were launched to stimulate more finance for small businesses and address market weaknesses in the provision of finance.

I am advised that, even at this early stage, the proposed investment targets will be met.

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