BUSINESSES in Worcestershire are set to benefit following the launch of a new £20m fund.
The Advantage Enterprise & Innovation Fund , established by Advantage West Midlands, with joint funding from European Regional Development Fund, is aimed at providing successful and growing businesses in the region with the capital they need to succeed.
It's main focus is on equity investment opportunities from £500,000 to £2m but the AEIF can also consider projects up to £10m as part of a larger syndicate.
Trade Minister, Ian Pearson MP, launched the fund at the International Convention Centre in Birmingham at the end of last month.
Nick Paul, chairman of Advantage West Midlands, said: "We recognise that there is an equity gap in the region and one of the agency's 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."
on Wednesday, June 29.
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