Finance Wales' Expertise Sought for English Region's Investments; Move to Help Expand Fund's Profile in UK
Byline: Sin Barry
FINANCE Wales is moving into England.
The Welsh Assembly Government investment bank subsidiary has been named as a preferred supplier to manage a new pounds 20m investment fund in the north-east of England following a competitive tendering process Although not formally signed off, Finance Wales is shortly expected to start making investments on behalf of the fund - which forms one element of pounds 125m in European backed funding secured by regional development agency One North East.
The move is part of a strategy to expand the profile of Finance Wales into England - with a view to potentially being able to raise a future fund solely sourced from financial institutions.
Finance Wales hopes a strong track record on returns from its own investments …
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Publication information: Article title: Finance Wales' Expertise Sought for English Region's Investments; Move to Help Expand Fund's Profile in UK. Contributors: Not available. Newspaper title: Western Mail (Cardiff, Wales). Publication date: January 23, 2010. Page number: 32. © 2009 MGN Ltd. COPYRIGHT 2010 Gale Group.
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