Business Innovation Funds
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WRITTEN QUESTIONS
10th Assembly
19/07/2005
119. Business Innovation Funds
Ms Carney to MINISTER for Business and Economic Development
QUESTION
ANSWER
Answered on 31/10/2005
1. The government continues to monitor the finance environment and will consider how to encourage the establishment of a venture capital fund when it is considered appropriate.
WRITTEN QUESTIONS
10th Assembly
19/07/2005
119. Business Innovation Funds
Ms Carney to MINISTER for Business and Economic Development
QUESTION
Business Innovation Funds
Minister, one of the CLP's policies at the election was to establish a Capital Innovation Fund, a venture capital body designed to provide funding to innovative companies looking to expand new technologies - and was very warmly received by many businesses:
1. Why has your government not introduced a similar venture capital proposal.
- 2. Is it true that a similar proposal was taken to Cabinet for submission but not approved?
- 3. Why hasn't your government taken steps to back these local, innovative businesses.
ANSWER
Answered on 31/10/2005
1. The government continues to monitor the finance environment and will consider how to encourage the establishment of a venture capital fund when it is considered appropriate.
Last updated: 04 Aug 2016