£150m plan to boost Welsh businesses

Plans for a new fund to invest in small businesses in Wales were announced on 7 February 2008 by Deputy First Minister Ieuan Wyn Jones. For the first time, the Welsh Assembly Government will be making use of the European Investment Bank (EIB) – as originally pledged in the One Wales agreement. Under the European Commission and EIB ‘Jeremie’ initiative, the Welsh Assembly Government will be seeking to establish a £150m fund set up to invest in small and medium sized businesses, or SMEs.

• Primary Source

Western Mail, 8.2.08: Euro cash could be just the business http://icwales.icnetwork.co.uk/news/wales-news/2008/02/08/euro-cash-could-be-just-the-business-91466-20450363/

European Investment Bank: JEREMIE - Regional funding http://www.eif.org/jeremie/

WAG: Report to NAW European and External Relations Committee, April 2008: Update on JEREMIE and JESSICA financial instruments http://www.assemblywales.org/bus-home/bus-committees/bus-committees-third1/bus-committees-third-eur-home/bus-committees-third-eur-agendas.htm?act=dis&id=81240&ds=5/2008

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