Five months after triggering article 50 and beginning negotiations for its exit from the EU, another European fund has frozen investment in the UK. EURACTIV’s partner Le Journal de l’Environnement reports.
The European Commission yesterday (25 November) unveiled the mechanism for its much-heralded €315 billion investment plan, revealing how a limited €21 billion of initial public money is intended to lift fifteen times as much in capital.
European economy and industry ministers met in Brussels yesterday (25 September) to discuss ways of funding an ambitious plan by incoming Commission President Jean-Claude Juncker to invest €300 billion over the next five years.
Worsening finance conditions for smaller companies have highlighted a growing need for strategic pan-European efforts. This is why the European Investment Fund is now expanding its role as investor, says Richard Pelly, EIF chief executive.
Europe's fledgling venture capital market has hit a ''trough'' and needs public money to stimulate its return to growth, according to the European Investment Fund – the EU's long-term investment body. EURACTIV reports from the European Business Summit (EBS) in Brussels.