The European Commission unveiled a €315 billion Investment Plan targeting additional support for infrastructure, education, research and innovation, renewable energy and SMEs and mid-caps. A new European Fund for Strategic Investments (EFSI) will be set up in partnership with the European Investment Bank EIB, built on a guarantee of € 16 billion from the EU […]

Impax Asset Management Ltd, a wholly wholly owned subsidiary of Impax Asset Management Group plc, an AIM-listed investment manager focused on the environmental sector, has received subscriptions for an additional €118m of capital commitments to its second private equity fund, Impax New Energy Investors II LP (NEF II). Having already raised €141m, as announced on […]

The European Commission has cleared, under the EU Mergers Regulation, the proposed acquisition of the French Vedici group of healthcare facilities by the British investment group 3i.  The European Institution concluded that the acquisition would not significantly impede effective competition within the European Economic Area (EEA) or a substantial part of it.  3i controls the […]

Within the framework of the Competitiveness and Innovation Programme, the European Commission has launched a €35m call for projects that turn environmental challenges into business opportunities. Under the 2010 CIP Eco-innovation call, funds are available for new projects in the area of materials recycling, sustainable building products, the food and drink sector and green business […]

The European Investment Fund (EIF) and the Government of Malta signed an agreement for setting up a €10m JEREMIE Holding Fund aimed at supporting small and medium sized enterprises (SMEs) across the country. The Joint European Resources for Micro to Medium Enterprises initiative, known as JEREMIE, aims to facilitate access to finance for SMEs in […]

The European Investment Bank (EIB) Group and the European Commission are launching an initiative to support microfinancing in EU Member States. The facility, which combines €100m from the European Commission matched with funding from the EIB and which will be managed through the European Investment Fund (EIF), is aimed at individuals who want to start […]

With the support of the EDRF, the South East England Development Agency (SEEDA) has allocated £3.8m to green businesses throughout the region and established a £4m sustainability loan fund. The £3.8m allocation will fund 2,500 businesses to develop initiatives within a framework of six sustainability-led projects, which focus primarily on waste reduction, sustainable procurement and […]

Within the framework of the EU Initiative JEREMIE, IP Group plc (LSE: IPO), a London, UK-based intellectual property commercialisation company, has won the mandate to manage a £25m North East Technology Fund. The vehicle, which will be managed by IP Group’s FSA-regulated venture capital fund management subsidiary, Top Technology Ventures Limited, from offices in Newcastle […]

The European Investment Fund (EIF) is prolonging its existing agreements with European banks, microfinance providers and guarantee institutions, resulting in an extra €315m of guarantees covering SMEs’ financing through the EU Competitiveness and Innovation Framework Programme (CIP). The EIF’s decision to extend guarantee agreements with these financial institutions is based on a healthy demand in […]

Paul Capital Healthcare committed to provide up to $100m to Phase III Development Company S.A.R.L (“P3D”), a company recently established to assist in the management and funding of clinical trials in the European Union. P3D announced that it had entered into an agreement with a major global pharmaceutical company to fund the label expansion of […]