Finance Wessex Ltd., Devon, England, is searching for a private equity manager to invest £20 million ($31 million) for the European Unions European Regional Development Program, said Guy Curry, finance director. He said £14 million would go into growth investments; the remaining £6 million would be committed to a small-firms fund, Mr. Curry said.
"Its also got to be invested in business (in southern England) that cant readily gain finance from traditional sources, he said.
The deadline for proposals is Oct. 31, and Mr. Curry expects to make a selection by January. No consultant is being used, he said.