EC Subsidies
European Community Investment Partners Programme
Joint European Venture Programme (JEV)
Joint Venture Programme (JOP)
European Community Investment Partners Programme (ECIP)
Centre for Development of Industry (CDI)
ECIP (European Community Investment Partners) aims to facilitate the
creation of joint ventures between Community enterprises and those in the developing
countries of Latin America, Asia, North Africa and (more recently) South Africa.
ECIP provides assistance at various stages of the creation of an enterprise.
- Pre-investment activities such as partner identification, feasibility studies, market studies and business plans. Up to 50%
of the total cost (maximum ECU 250,000) will be provided as an interest-free advance which
can be converted into a grant (if the project does not go ahead) or loan or equity capital.
- Financing capital requirements as
loan and/or equity capital up to ECU 1 million, with a maximum holding of 20%.
- Training and management assistance
in the form of an interest-free loan. Up to 50% of the total cost will be provided
(maximum ECU 250,000).
In order to obtain funding, the
joint enterprise must include at least one Community partner and one from the country
concerned. Large multinational companies are expressly excluded.
BHP Capital can arrange applications to the European
Community for subsidies under ECIP through its association with Europa Bank AG (a
subsidiary of Dresdner Bank).
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