| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/05/1316 (20.10.05) |
| Publication Date | 20/10/2005 |
| Content Type | News |
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The European Commission on 20 October 2005 opened a formal investigation under the EC Treaty state aid rules (Article 88(2) EC) into a proposal by the United Kingdom to spend £3.8m (approximately €4.38m) to set up 'Investbx', a market for equity investments in SMEs in the West Midlands. The Commission had already received a complaint, but invited all interested parties to comment on the measure as a first step in this formal investigation procedure. |
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| Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/05/1316&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Internal Markets |
| Countries / Regions | United Kingdom |
