"We'd very much encourage business managers in the region to look at the development options that the Growth Fund
might also facilitate for them."
Typically, growth funds
, tend to be a bit more volatile than the overall market, but they also carry the potential for greater gains.
"In City of Greater Geelong, the Regional Growth Fund
has invested more than $33 million into 45 projects which, once funding from other sources are included, are worth a total of nearly $400 million to Geelong," Mr Ryan said.
Hosted by regional fund management firm NEL Fund Managers, which administers the Growth Fund
, the event was designed to celebrate the positive impact on the region that the fund has had over the last four years, and to encourage attendees to put new names forward that might become part of their growing investee portfolio.
Mr Swales highlighted the importance of the Regional Growth Fund
to businesses on Teesside and called on Mr Alexander to support a fourth round.
His hottest fund--up 49.7%--is the Van Wagoner Emerging Growth Fund
, which features 110 holdings of fast-growing companies.
The other fund on offer is the Europe Equity Growth Fund
which seeks to provide long-term capital growth by making an investment of at least 95% of its corpus in Allianz Europe Equity Growth Fund
, which in turn invests mainly in European equity markets.
BE Group is responsible for all of the administration of the scheme and are accountable to the Government Regional Growth Fund
for its delivery.
Deputy Premier and Minister for Regional and Rural Development Peter Ryan joined Parliamentary Secretary for Regional Development Peter Crisp in Mildura today to announce the Coalition Government would invest $150,000 in Nangiloc Colignan Farms' $1.5 million expansion, the Regional Growth Fund
's 1,500th project.
Barrie Hensby, chief executive at NEL, says: "Given the fact that there is always a bedding-in period with any fund in the first few months after launch, the fact that we've now invested over half of the Growth Fund
in almost exactly half its lifespan is extremely encouraging, and also provides a strong testament to the skills and tenacity of the NEL team.
Government and industry are urging businesses to apply for a share of Au300 million from the Regional Growth Fund
before the deadline.
MORE than 75 representatives from the region's leading professional services firms joined local business representatives at an event to mark the second birthday of the pounds 20m Finance For Business North East Growth Fund