> The bank aims to process startup financing applications within six months
No good founder is waiting for 6 months. It makes absolutely no sense when VCs can make decisions in days, hours even.
The UK isn't a member of the EIB.
> No good founder is waiting for 6 months. It makes absolutely no sense when VCs can make decisions in days, hours even.
Speculation, but based on similar initiatives done in the EU in the past, it will target industrial and manufacturing vendors and suppliers (especially as this proposal is linked to KfW).
That said, no point discussing this until the final proposal actually gets presented and voted on by the Board of Governors. Most of what exists publicly is just vague press releases.
So long as the EU doesn't have their own equivalent of Index Ventures, I'm not sure an EIB style industrial policy program would have significant impact on the British startup scene.