Regional Business Information for the North West
YFM to manage transitional fund
23rd November 2009
By James Graham - Business Correspondent
FUND manager YFM Group has won the contract to manage the £9m equity part of the Government's transitional venture capital fund for the North West.
The fund has been launched to fill the gap left by the year-long delay of the European Union-backed £140m venture capital loan fund which has become mired in bureaucracy.
Under the transitional arrangement £13.5m will be available to small and medium-sized businesses - £9m for equity investment and £4.5m available as loan funding.
Davi......for the full story register now for free or login below...
In principle this is great news. But in reality how much will small businesses actually see. Small businesses this year have certainly had their share of neglect. With funding being virtually non existent. Free support being cut back and so many small businesses going it alone.
gary burgess