Enterprise Capital Fund

Trade and Industry written question – answered on 21st March 2007.

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Photo of Mark Francois Mark Francois Shadow Paymaster General

To ask the Secretary of State for Trade and Industry how much has been invested in (a) the Enterprise Capital Fund providing early stage funding for companies developing sustainable technologies and (b) other Enterprise Capital funds.

Photo of Margaret Hodge Margaret Hodge Minister of State (Industry and the Regions)

The information is as follows:

(a) Government and private investors have committed to invest up to £30 million in the 21st Century Sustainable Technology Growth Fund.

(b) Investment committed by Government and private investors into the other four funds currently awarded Enterprise Capital Fund status totals £95 million.

These funds were launched in the second half of 2006 and are expected to invest the commitment over the next seven to eight years.

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