Government injects £30m into small IT firms


Government injects £30m into small IT firms

Rebecca Thomson

The government is to invest £30m in technology SMEs, business secretary Peter Mandelson has announced.

The money will be available to small and medium technology companies looking to expand their business.

It is part of the Enterprise Capital Funds (ECF) programme and will be invested in IT, electronics and instrumentation companies.

The ECF is aimed at small and medium enterprises with high growth potential. Individual awards of to £2m will be offered to successful companies.

Mandelson said, "It is crucial that small and medium-sized firms looking to invest in and grow their businesses are able to access the finance they need."

For more information visit the Capital for Enterprise website.

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