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PART IIU.K.SPECIFIC PROVISIONS

TITLE IIIU.K.REGIONAL DEVELOPMENT AND HUMAN RESOURCES DEVELOPMENT COMPONENTS

CHAPTER IIIU.K.Implementation

Section 1 U.K. General rules

Article 159U.K.Financial engineering instruments

1.As part of an operational programme, the Community contribution may finance expenditure related to an operation comprising contributions to support financial engineering instruments for enterprises, such as venture capital funds, guarantee funds and loan funds. Preference shall be given to small and medium-sized enterprises.

2.Detailed implementing rules shall be set out in the financing agreement following the adoption of an operational programme providing for Community contribution to financial engineering instruments.