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Valleys' Ventures, LP is a regional venture capital fund.
His point about over-reliance on the City of London would carry more weight if he hadn't closed down the North East's own proposals, developed under the last Labour Government, for a regional venture capital fund.
TWO Teesside firms have gained a slice of a multi-million pound regional venture capital fund.
For West Midland businesses there is a range of resources available, and many useful initiatives are now operating in the region including the Proof of Concept Grant, Grants for Research and Development (R&D) and a plethora of regional venture capital funds.
Such junior exchanges would stimulate the regional economies and could be a natural place to list shares in firms supported by the regional venture capital funds set up with public money by Chancellor Gordon Brown.
Chilled and frozen desserts manufacturer Delicious Moments has secured 250,000 [pounds sterling] in equity finance from the South West Regional Venture Capital Fund in order to double production and service new markets.
In November, I agreed an 'enterprise package' worth pounds 245 million of Government funding, which will lever in pounds 1 billion from the private sector for a series of initiatives, from a Regional Venture Capital Fund to individual Enterprise Grants to help smaller firms grow.
NCI Gestion (Normandie Capital Investissement Gestion) is the regional venture capital fund.