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Evaluation of ERDF Supported Venture Capital and Loan Funds

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ANNEX L INVESTMENT READINESS

We show below some key statistics for the first 2 years of the Investment readiness scheme:

Year 1

  • 177 grants approved in first year, of which 139 have now completed
  • Total committed funding of £578,384 (average £3,638 per grant)
  • First year grants concentrated in Lanarkshire (60) and Glasgow (45)
  • £57.9 million in funding resulting from IRS grants approved in first year; mostly in Lanarkshire, Glasgow, and Edinburgh and Lothian

Year 2

  • 135 grants approved in second year, of which 103 have now completed
  • Total committed funding of £581,783 (average £4,581 per grant)
  • Second year grants concentrated in Lanarkshire (43)
  • £31.7 million in funding resulting from IRS grants approved in second year; mostly in Lanarkshire and Edinburgh and Lothian

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Page updated: Monday, January 14, 2008