Printer Friendly

Fund gives advantage.

A MINISTER has launched a pounds 20million fund for businesses in the West Midlands.

Trade Minister Ian Pearson, MP for Dudley South, said the Advantage Enterprise and Innovation Fund (AEIF) would provide successful businesses in the region with the capital they needed to succeed.

It has been put together by Advantage West Midlands, with joint funding from the European Regional Development Fund, and will offer equity investment opportunities from pounds 500,000 to pounds 2million.

But the AEIF can also consider projects up to pounds 10million as part of a larger syndicate.

Nick Paul, chairman of Advantage West Midlands, said: "We recognise that there is an equity gap in the region and one of the key roles is to provide access to finance that can remove this barrier to business growth.

"The AEIF will help established businesses expand, diversify and modernise - and make the West Midlands economy stronger and more dynamic."

To find out how to apply for money, call Clive Austin of Catapult Venture on 0870 116 3000.
COPYRIGHT 2005 Coventry Newpapers
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:Coventry Evening Telegraph (England)
Date:Jul 5, 2005
Previous Article:Jobs boost for the region.
Next Article:Rates hope.

Related Articles
BUSINESS LIFE: pounds 5m boost for emerging firms.
Local business grows with help of Europe.
Extra advice on offer as Brussels pledges pounds 4. 5m aid.
pounds 20m bonanza to help firms grow; Business report.
Cash carrots for investors.
Bosses pointed the way to funds.
Health operator buys homes.
Business help from an 'Angel'.
Business help from an 'Angel'.
Breaking borders: some state workers' compensation funds have expanded beyond their original intent--and state borders--to write business in other...

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters