Edition 1463
17 February 2018
Edition: 1463

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EU announces €1 billion to back businesses at Lisbon Web Summit

by TPN/Lusa, in News · 08-11-2016 16:22:00 · 0 Comments

The European Commission (EC) is going to launch an investment fund to back business growth, with more private and public money, that is expected to total over €1 billion, Commission Carlos Moedas said at the Lisbon Wed Summit on Tuesday.

EU announces €1 billion to back businesses at Lisbon Web Summit

 

“It is a new fund for businesses and it is a fund to invest in the growth of businesses in Europe. Today, it is easy to create companies in Europe, but then they grow and have to be sold, often to American funds or others because we don’t have funds big enough to invest in this growth”, European Research, Science and Innovation Commissioner, Carlos Moedas, told reporters.

 

Between today and January, the EC is going to look for an entity to manage the fund and have the capacity to capture private money.

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Edition 1463
17 February 2018
Edition: 1463

Read this week's issue online exactly as it appears in print.

Twitter

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