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Risk capital fund 'could exclude the most needy'
By Helen Warrell, Third Sector, 14 November 2007
The Government's £10m risk capital fund for growing social enterprises could neglect the organisations most in need of support, enterprise finance experts have warned.
The fund, which was announced last November as part of the Government's social enterprise action plan, may have to be restructured to comply with European state aid regulations, which say that the fund cannot influence markets or affect competition. As a result the facility, which aims to attract an additional...
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