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has gloss | eng: According to the Department for Business, Enterprise and Regulatory Reform (BERR), Enterprise Capital Funds were established in the UK to address a market weakness in the provision of equity finance to Small and medium enterprises. Government funding is used alongside private sector funds to establish funds that operate within the ‘equity gap’; targeting investments of up to £2m that have the potential to provide a good commercial return. The first five funds supported under the scheme were launched in 2006-7 following a pathfinder competition. A further three funds were awarded ECF status in 2007 and have now been launched. |
lexicalization | eng: Enterprise Capital Fund |
instance of | (noun) wealth available for investment in new or speculative enterprises risk capital, venture capital |
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