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Bridges Community Ventures

Volume 450: debated on Monday 23 October 2006

To ask the Secretary of State for Trade and Industry what the total value has been of (a) contracts held with and (b) payments and grants made to Bridges Community Ventures since May 2002. (94532)

The Community Development Venture Fund (CDVF), more commonly known as the Bridges Fund, is a £40 million fully commercial venture capital fund managed by Bridges Community Ventures Ltd. The Government are committed to investing £20 million alongside £20 million from private sector investors. As at October 2006, the fund has drawn down a total of £15,454,434 from DTI's total investment commitment.