OFFICE INCUBATION FUND
February 1st, 2003
BY KEITH NUTHALLTHE EUROPEAN Commission has launched an investigation into Britain's planned Euro 115 million SBS Incubation Fund, which would provide soft loans to businesses intending to develop and operate office premises for small firms. Brussels thinks that the scheme could break European Union state aid rules, because it does not appear to follow existing regional aid rules, notably in terms of imposing caps on the proportion of costs that can be covered. Loans would be available throughout England. A Commission note said: "The fund could grant aid even to ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.