New £150 million fund is the first in the UK
Finance Wales has secured £75 million funding from the European
Investment Bank (EIB) under the EU’s JEREMIE (Joint European
Resources for Micro to Medium Enterprises) initiative.
This is a key part of our new £150 million fund.
Finance Wales leads the way
The fund is the first to be raised from the JEREMIE initiative
in the UK.
“I am convinced that our strong and successful relationship with
Finance Wales will act as a catalyst to encourage further JEREMIE
schemes in other UK regions”. Simon Brooks, Vice President,
EIB.
Funds under management
Finance Wales now manages funds of £270 million, including its
latest £150 million fund. We’ve invested over £110 million in
Wales-based SMEs since 2001 and leveraged £322 million.
We now have ambitious investment targets for the future.
Find out more about Finance Wales’ profitable history in our
annual review 2007 – 08.