OpenLegislation

Article 2

United Kingdom

Original text. Later amendments are not shown.

The United Kingdom shall submit an annual report on the implementation of the aid, which will include the following elements:

  • the number of SMEs for which capital was raised,

  • the volume of capital raised for each SME,

  • the volume of investment capital raised per type of investor, and

  • financial accounts.

At the end of the fifth year after setting up Investbx the United Kingdom shall inform the Commission whether Investbx was sold successfully to private investors through a public open and non-discriminatory tender process or whether it was closed down.