BHP Sources of Finance EC Subsidies UK Venture Capital UK Business Angels UK Factoring and Discounting EU Venture Capital

EC Subsidies
Joint European Venture Initiative

Joint European Venture Programme (JEV)
Joint Venture Programme (JOP)
European Community Investment Partners Programme (ECIP)
Centre for Development of Industry (CDI)

JEV is a supports the creation of transnational joint ventures for SMEs in the Community.

The objective of the joint venture should be to create new economic activities, involving investment and employment creation within the Community. Transfers of existing economic activities are not eligible. Similarly, purchases of existing enterprises are not eligible. The partners must play an active part in the joint venture and assume an adequate measure of responsibility. Any joint venture in which one of the partners owns more than 75% will be ineligible. Any change in the holdings in the joint venture within three years following the signing of the contract with the Commission must be submitted to the Commission for a review of its financial participation.
The joint venture must be newly created by at least two SMEs from two different Member States.

Eligible expenses are those relating to the conception and setting-up of a joint venture:
  • expenses incurred on market surveys, preparation of the legal framework, environmental impact assessment, technical standards, business plans, etc.
  • expenses for external experts
  • expenses for internal experts (relating to travel abroad)
For the grant, covering up to 10% of the investment made, an investment is considered to be any purchase or production of tangible or intangible assets which are accounted for as fixed assets in the balance sheet of the joint venture and valued in accordance with generally accepted accounting standards.

The maximum contribution per project shall be Euro 100,000 covering:
  • up to 50% of the eligible expenses, with a maximum of Euro 50,000
  • up to 10% of the total amount of the investment made
BHP Capital can arrange applications to the European Community for subsidies under JEV through its association with Europa Bank AG (a subsidiary of Dresdner Bank).

EC Subsidies     [JEV]   [JOP]   [ECIP]   [CDI]

[EC Subsidies]   [UKVentureCapital]   [UKBibusinessAngels]   [UKFactoring & Discounting]   [EUVentureCapital]

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