The European Commission has approved Dutch plans to set up a new development bank "Invest-NL" with initial capital of up to € 2.5 billion. Its scope will target market failures in lending and capital markets.
The Dutch authorities will provide annual payments of € 10 million to the bank for providing advisory services on the development or improvement of certain financing schemes.
Invest-NL will focus on small and medium-sized enterprises and small-mid caps in the areas of research and develop...
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